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September key points


Balance on goods and services

• In trend terms, the balance on goods and services was a surplus of $7,530m in September 2019, an increase of $169m on the surplus in August 2019.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $7,180m in September 2019, an increase of $563m on the surplus in August 2019.

• In seasonally adjusted terms, goods and services credits rose $1,452m (3%) to $43,215m. Non-rural goods rose $586m (2%), non-monetary gold rose $558m (26%) and rural goods rose $240m (6%). Net exports of goods under merchanting remained steady at $15m. Services credits rose $69m (1%).

• In seasonally adjusted terms, goods and services debits rose $889m (3%) to $36,034m. Capital goods rose $702m (12%), intermediate and other merchandise goods rose $474m (4%) and consumption goods rose $64m (1%). Non-monetary gold fell $373m (34%). Services debits rose $22m.

		Jul 2019	Aug 2019	Sep 2019	Aug 19 to Sep 19
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	7 097	7 361	7 530	2
	Seasonally adjusted	7 316	6 617	7 180	9
CREDITS (Exports of goods & services)
	Trend estimates	42 260	42 557	42 777	1
	Seasonally adjusted	42 633	41 763	43 215	3
DEBITS (Imports of goods & services)
	Trend estimates	35 163	35 196	35 247	-
	Seasonally adjusted	35 317	35 145	36 034	3
- nil or rounded to zero (including null cells)