10/12/2007 Note: A feature article 100 Years of International Trade Statistics was released 10 December 2007.
OCTOBER KEY FIGURES
| August 2007 | September 2007 | October 2007 | Sep 07 to Oct 07 | |
| $m | $m | $m | % change | |
TREND ESTIMATES | |
| |
Balance on goods and services | -1 816 | -2 075 | -2 355 | . . | |
Credits (exports of goods & services) | 18 056 | 17 924 | 17 757 | -1 | |
Debits (imports of goods & services) | 19 872 | 20 000 | 20 112 | 1 | |
SEASONALLY ADJUSTED | |
| |
Balance on goods and services | -1 756 | -1 916 | -2 983 | . . | |
Credits (exports of goods & services) | 18 606 | 17 850 | 17 235 | -3 | |
Debits (imports of goods & services) | 20 362 | 19 766 | 20 219 | 2 | |
| |
. . not applicable |
Balance on Goods and Services
| |
OCTOBER KEY POINTS
TREND ESTIMATES
- The provisional trend estimate of the balance on goods and services was a deficit of $2,355m in October 2007, an increase of $280m on the revised deficit in September.
- Goods and services credits fell $167m (1%) to $17,757m. Goods and services debits rose $112m (1%) to $20,112m.
SEASONALLY ADJUSTED ESTIMATES
- In seasonally adjusted terms, the balance on goods and services was a deficit of $2,983m in October, an increase of $1,067m on the revised deficit in September.
- Goods and services credits fell $615m (3%) to $17,235m. Non-rural and other goods fell $545m (5%) and rural goods fell $99m (5%). Services credits rose $29m (1%).
- Goods and services debits rose $453m (2%) to $20,219m. Intermediate and other goods rose $624m (8%), capital goods fell $191m (5%) and consumption goods fell $69m (1%). Services debits rose $89m (2%).
ORIGINAL ESTIMATES
- In original terms, the October 2007 balance on goods and services was a deficit of $3,992m, an increase of $1,935m on the deficit in September. Goods and services credits rose $67m and goods and services debits rose $2,002m (10%).
- In the four months to October, exports of non-rural and other goods were up $210m while rural goods were down $1,234m (14%) on the corresponding period in 2006-07.
- In October 2007, the Australian dollar appreciated strongly against major currencies.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
November 2007 | 10 January 2008 |
December 2007 | 4 February 2008 |
January 2008 | 6 March 2008 |
February 2008 | 7 April 2008 |
March 2008 | 6 May 2008 |
April 2008 | 5 June 2008 |
REVISIONS
Revisions were made to the merchandise trade series to incorporate the latest available data. There were no revisions to the balance of payments series in original terms. However, the seasonally adjusted and trend estimates have been revised due to the use of concurrent seasonal adjustment (see paragraph 8 in Explanatory Notes).
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Selvi Sekhar on Canberra (02) 6252 5540.