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JUNE KEY FIGURES

		Apr 2017	May 2017	Jun 2017	May 17 to Jun 17
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	2 004	1 575	1 166	-26
	Seasonally adjusted	-76	2 024	856	-58
CREDITS (Exports of goods & services)
	Trend estimates	32 268	32 083	31 866	-1
	Seasonally adjusted	30 058	32 218	31 779	-1
DEBITS (Imports of goods & services)
	Trend estimates	30 264	30 508	30 701	1
	Seasonally adjusted	30 133	30 193	30 923	2

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $1,166m in June 2017, a decrease of $409m on the surplus in May 2017.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $856m in June 2017, a decrease of $1,168m on the surplus in May 2017.

• In seasonally adjusted terms, goods and services credits fell $439m (1%) to $31,779m. Non-rural goods fell $740m (4%) and net exports of goods under merchanting fell $1m (4%). Non-monetary gold rose $406m (27%) and rural goods rose $26m (1%). Services credits fell $129m (2%).

• In seasonally adjusted terms, goods and services debits rose $730m (2%) to $30,923m. Capital goods rose $733m (13%), non-monetary gold rose $238m (76%) and consumption goods rose $194m (2%). Intermediate and other merchandise goods fell $406m (4%). Services debits fell $30m.

• In original terms, the balance on goods and services for 2016-17 was a surplus of $12.4b, a turnaround of $49.1b on the deficit of $36.7b recorded in 2015-16, resulting from a $53.2b (17%) increase in goods and services credits and a $4.1b (1%) increase in goods and services debits.