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JUNE KEY FIGURES

		Apr 2016	May 2016	Jun 2016	May 16 to Jun 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-2 461	-2 373	-2 359	1
	Seasonally adjusted	-1 824	-2 418	-3 195	-32
CREDITS (Exports of goods & services)
	Trend estimates	25 722	25 896	26 045	1
	Seasonally adjusted	25 935	26 016	25 803	-1
DEBITS (Imports of goods & services)
	Trend estimates	28 183	28 269	28 403	-
	Seasonally adjusted	27 759	28 434	28 998	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 $2,359m in June 2016, a decrease of $14m (1%) on the deficit in May 2016.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $3,195m in June 2016, an increase of $777m (32%) on the deficit in May 2016.

• In seasonally adjusted terms, goods and services credits fell $213m (1%) to $25,803m. Non-monetary gold fell $270m (15%). Rural goods rose $35m (1%) and non-rural goods rose $20m. Net exports of goods under merchanting remained steady at $28m. Services credits rose $2m.

• In seasonally adjusted terms, goods and services debits rose $564 (2%) to $28,998m. Consumption goods rose $588m (7%) and capital goods rose $147m (3%). Intermediate and other merchandise goods fell $92m (1%) and non-monetary gold fell $57m (10%). Services debits fell $21m.

• In original terms, the balance on goods and services for 2015-16 was a deficit of $36.9b, a rise of $13.9b (61%) on the deficit of $23.0b recorded in 2014-15, resulting from a $6.8b (2%) decrease in goods and services credits and a $7.1b (2%) increase in goods and services debits.