OCTOBER KEY FIGURES

		Aug 2014	Sep 2014	Oct 2014	Sep 14 to Oct 14
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 629	-1 629	-1 547	5
	Seasonally adjusted	-1 045	-2 235	-1 323	41
CREDITS (Exports of goods and services)
	Trend estimates	26 352	26 405	26 524	-
	Seasonally adjusted	26 171	26 495	26 904	2
DEBITS (Imports of goods and services)
	Trend estimates	27 981	28 034	28 071	-
	Seasonally adjusted	27 216	28 730	28 227	-2
- nil or rounded to zero (including null cells)

Balance on Goods and Services

OCTOBER KEY POINTS


BALANCE ON GOODS AND SERVICES

• In trend terms, the balance on goods and services was a deficit of $1,547m in October 2014, a decrease of $82m (5%) on the deficit in September 2014.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $1,323m in October 2014, a decrease of $912m (41%) on the deficit in September 2014.

CREDITS (EXPORTS OF GOODS AND SERVICES)

• In seasonally adjusted terms, goods and services credits rose $409m (2%) to $26,904m. Non-rural goods rose $700m (4%). Non-monetary gold fell $204m (13%), rural goods fell $115m (4%) and net exports of goods under merchanting fell $7m (70%). Services credits rose $35m (1%).

DEBITS (IMPORTS OF GOODS AND SERVICES)

• In seasonally adjusted terms, goods and services debits fell $503m (2%) to $28,227m. Intermediate and other merchandise goods fell $371m (4%), consumption goods fell $95m (1%), capital goods fell $43m (1%) and non-monetary gold fell $34m (9%). Services debits rose $39m (1%).

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
November 2014	6 January 2015
December 2014	3 February 2015
January 2015	5 March 2015
February 2015	2 April 2015
March 2015	5 May 2015
April 2015	4 June 2015

REVISIONS

Since the previous issue of this publication, revisions have been made to align with the data published in the September quarter 2014 issues of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) and Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). On an international merchandise trade basis exports and imports have been revised back to April 2014. On a balance of payments basis goods and services have been revised back to July 2014.

See the Revisions section for details.


CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:

• amendment to time series spreadsheet tables 12b and 13b
• Australia's major trading partners.

Changes in forthcoming issues:

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

See the Changes in this and forthcoming issues section for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'metal ores and minerals', 'coal, coke and briquettes' and 'capital goods n.e.s.' components in the balance of payments series.

See the Value adjustments section for details.


RELATED RELEASES

See the Related releases section for details.


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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 6252 5540 for Goods, and International Trade in Services on Hobart (03) 6222 5926 for Services.