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NOVEMBER KEY FIGURES

		Sep 2012	Oct 2012	Nov 2012	Oct 12 to Nov 12
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 961	-2 220	-2 417	-9
	Seasonally adjusted	-1 912	-2 443	-2 637	-8
CREDITS (Exports of goods & services)
	Trend estimates	24 574	24 333	24 175	-1
	Seasonally adjusted	24 224	24 396	24 681	1
DEBITS (Imports of goods & services)
	Trend estimates	26 535	26 553	26 593	-
	Seasonally adjusted	26 136	26 840	27 318	2
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a deficit of $2,417m in November 2012, a rise of $197m (9%) on the deficit in October 2012.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $2,637m in November 2012, a rise of $194m (8%) on the deficit in October 2012.

• In seasonally adjusted terms, goods and services credits rose $285m (1%) to $24,681m. Non-rural goods rose $295m (2%) and rural goods rose $68m (2%). Non-monetary gold fell $144m (9%). Net exports of goods under merchanting remained steady at $6m. Services credits rose $65m (1%).

• In seasonally adjusted terms, goods and services debits rose $478m (2%) to $27,318m. Intermediate and other merchandise goods rose $411m (5%) and consumption goods rose $163m (3%). Non-monetary gold fell $179m (33%) and capital goods fell $2m. Services debits rose $85m (2%).

• on an international merchandise trade basis, exports and imports have been revised back to May 2012
• on a balance of payments basis, goods credits have been revised back to March 2012, goods debits to April 2012 and services credits and debits to July 2011.

• decreased the surplus on goods and services for 2011-12 by $364m
• increased the deficit on goods and services for the four months to October 2012 by $1,282m.