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MAY KEY FIGURES

		Mar 2015	Apr 2015	May 2015	Apr 15 to May 15
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 921	-2 293	-2 611	-14
	Seasonally adjusted	-1 537	-4 136	-2 751	33
CREDITS (Exports of goods & services)
	Trend estimates	26 596	26 215	25 848	-1
	Seasonally adjusted	26 955	25 322	25 528	1
DEBITS (Imports of goods & services)
	Trend estimates	28 517	28 508	28 459	-
	Seasonally adjusted	28 491	29 458	28 279	-4
- 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 $2,611m in May 2015, an increase of $318m (14%) on the deficit in April 2015.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $2,751m in May 2015, a decrease of $1,385m (33%) on the deficit in April 2015.

• In seasonally adjusted terms, goods and services credits rose $206m (1%) to $25,528m. Non-rural goods rose $313m (2%) and rural goods rose $164m (4%). Non-monetary gold fell $286m (26%). Net exports of goods under merchanting remained steady at $32m. Services credits rose $16m.

• In seasonally adjusted terms, goods and services debits fell $1,179m (4%) to $28,279m. Capital goods fell $1,065m (18%), intermediate and other merchandise goods fell $113m (1%) and consumption goods fell $28m. Non-monetary gold rose $89m (31%). Services debits fell $61m (1%).