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OCTOBER KEY FIGURES

		Aug 2016	Sep 2016	Oct 2016	Sep 16 to Oct 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 891	-1 719	-1 565	9
	Seasonally adjusted	-1 861	-1 272	-1 541	-21
CREDITS (Exports of goods & services)
	Trend estimates	26 920	27 171	27 399	1
	Seasonally adjusted	26 836	27 242	27 631	1
DEBITS (Imports of goods & services)
	Trend estimates	28 811	28 890	28 964	-
	Seasonally adjusted	28 697	28 514	29 172	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 $1,565m in October 2016, a decrease of $154m (9%) on the deficit in September 2016.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $1,541m in October 2016, an increase of $269m (21%) on the deficit in September 2016.

• In seasonally adjusted terms, goods and services credits rose $389m (1%) to $27,631m. Non-rural goods rose $223m (1%) and non-monetary gold rose $198m (13%). Rural goods fell $150m (4%) and net exports of goods under merchanting fell $3m (6%). Services credits rose $121m (2%).

• In seasonally adjusted terms, goods and services debits rose $658m (2%) to $29,172m. Capital goods rose $490m (10%), consumption goods rose $100m (1%) and intermediate and other merchandise goods rose $97m (1%). Non-monetary gold fell $162m (26%). Services debits rose $135m (2%).