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NOVEMBER KEY FIGURES

		Sep 2014	Oct 2014	Nov 2014	Oct 14 to Nov 14
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 239	-1 102	-980	11
	Seasonally adjusted	-1 825	-877	-925	-5
CREDITS (Exports of goods and services)
	Trend estimates	26 645	26 787	26 958	1
	Seasonally adjusted	26 630	26 925	27 085	1
DEBITS (Imports of goods and services)
	Trend estimates	27 884	27 889	27 938	-
	Seasonally adjusted	28 455	27 802	28 010	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 deficit of $980m in November 2014, a decrease of $122m (11%) on the deficit in October 2014.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $925m in November 2014, an increase of $48m (5%) on the deficit in October 2014.

• In seasonally adjusted terms, goods and services credits rose $160m (1%) to $27,085m. Non-rural goods rose $486m (3%) and rural goods rose $179m (6%). Non-monetary gold fell $519m (38%). Net exports of goods under merchanting remained steady at $43m. Service credits rose $14m.

• In seasonally adjusted terms, goods and services debits rose $208m (1%) to $28,010m. Intermediate and other merchandise goods rose $224m (2%) and consumption goods rose $131m (2%). Non-monetary gold fell $90m (27%) and capital goods fell $78m (1%). Service debits rose $20m.

• on an international merchandise trade basis, exports and imports have been revised back to May 2014
• on a balance of payments basis, revisions have been applied to:
  • goods credits back to April 2014
  • goods debits back to July 2013
  • services credits and debits back to July 2013.

• changes to the AHECC
• changes to Customs Tariff import classification.