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NOVEMBER KEY FIGURES

		Sep 2017	Oct 2017	Nov 2017	Oct 17 to Nov 17
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	423	102	-194	(a). .
	Seasonally adjusted	1 169	-302	-628	-108
CREDITS (Exports of goods & services)
	Trend estimates	32 060	31 955	31 852	-
	Seasonally adjusted	32 595	31 712	31 853	-
DEBITS (Imports of goods & services)
	Trend estimates	31 637	31 852	32 047	1
	Seasonally adjusted	31 426	32 014	32 481	1
. . not applicable
- nil or rounded to zero (including null cells)
(a) See paragraph 15 of the Explanatory Notes.

Balance on Goods and Services

• In trend terms, the balance on goods and services was a deficit of $194m in November 2017, a turnaround of $296m on the surplus in October 2017.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $628m in November 2017, an increase of $326m on the deficit in October 2017.

• In seasonally adjusted terms, goods and services credits rose $141m to $31,853m. Non-rural goods rose $394m (2%) and rural goods rose $25m (1%). Non-monetary gold fell $425m (23%). Net exports of goods under merchanting remained steady at $53m. Services credits rose $147m (2%).

• In seasonally adjusted terms, goods and services debits rose $467m (1%) to $32,481m. Consumption goods rose $213m (3%), capital goods rose $190m (3%) and intermediate and other merchandise goods rose $81m (1%). Non-monetary gold fell $100m (25%). Services debits rose $83m (1%).