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May key figures

		Mar 2019	Apr 2019	May 2019	Apr 19 to May 19
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	5 611	5 920	6 089	3
	Seasonally adjusted	4 990	4 820	5 745	19
CREDITS (Exports of goods & services)
	Trend estimates	40 629	41 059	41 398	1
	Seasonally adjusted	39 524	40 143	41 585	4
DEBITS (Imports of goods & services)
	Trend estimates	35 018	35 139	35 310	-
	Seasonally adjusted	34 534	35 324	35 839	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 $6,089m in May 2019, an increase of $169m on the surplus in April 2019.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $5,745m in May 2019, an increase of $925m on the surplus in April 2019.

• In seasonally adjusted terms, goods and services credits rose $1,442m (4%) to $41,585m. Non-rural goods rose $1,316m (5%), rural goods rose $46m (1%) and non-monetary gold rose $22m (1%). Net exports of goods under merchanting fell $1m (5%). Services credits rose $58m (1%).

• In seasonally adjusted terms, goods and services debits rose $515m (1%) to $35,839m. Capital goods rose $348m (5%), non-monetary gold rose $68m (17%) and intermediate and other merchandise goods rose $66m (1%). Consumption goods fell $73m (1%). Services debits rose $107m (1%).