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MAY KEY FIGURES

		Mar 2017	Apr 2017	May 2017	Apr 17 to May 17
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	2 545	2 319	1 956	-16
	Seasonally adjusted	2 419	90	2 471	2 646
CREDITS (Exports of goods & services)
	Trend estimates	32 554	32 542	32 384	-
	Seasonally adjusted	32 652	30 203	32 781	9
DEBITS (Imports of goods & services)
	Trend estimates	30 008	30 223	30 428	1
	Seasonally adjusted	30 233	30 113	30 310	1
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $1,956m in May 2017, a decrease of $363m on the surplus in April 2017.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $2,471m in May 2017, an increase of $2,381m on the surplus in April 2017.

• In seasonally adjusted terms, goods and services credits rose $2,578m (9%) to $32,781m. Non-rural goods rose $2,333m (13%), rural goods rose $118m (3%) and non-monetary gold rose $42m (3%). Net exports of goods under merchanting remained steady at $27m. Services credits rose $84m (1%).

• In seasonally adjusted terms, goods and services debits rose $197m (1%) to $30,310m. Intermediate and other merchandise goods rose $436m (5%) and consumption goods rose $119m (1%). Capital goods fell $285m (5%) and non-monetary gold fell $102m (25%). Services debits rose $29m.