Apr 24 ($m) | May 24 ($m) | June 24 ($m) | May 24 to June 24 ($m) | May 24 to June 24 (%) | ||
---|---|---|---|---|---|---|
Balance on goods | 5,685 | 5,052 | 5,589 | 537 | na | |
Credits (Exports of goods) | 42,468 | 43,029 | 43,765 | 736 | 1.7 | |
Debits (Imports of goods) | -36,782 | -37,978 | -38,176 | 198 | 0.5 |
na not applicable
- Large month-to-month changes occurred during the COVID-19 pandemic, resulting in multiple trend breaks. The ABS recommends caution when using trend estimates published in spreadsheets for this period.
Review of seasonal adjustment
The annual seasonal review (ASR) for monthly Trade in Goods series has been undertaken to quality assure seasonal adjustment treatments for seasonally adjusted estimates. From the review it has been determined that Capital goods n.e.s. is no longer seasonal and from the May 2015 reference month will no longer be seasonally adjusted. The review also assessed seasonal factors and appropriateness of any prior corrections in more detail than is possible in the monthly cycle, resulting in larger revisions than usual.