5368.0 - International Trade in Goods and Services, Australia, Oct 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2016   
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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
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series



OCTOBER KEY POINTS


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.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • 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%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • 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%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2016 6 January 2017
December 2016 2 February 2017
January 2017 2 March 2017
February 2017 4 April 2017
March 2017 4 May 2017
April 2017 8 June 2017



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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 62525540 for Goods, and International Trade in Services on Hobart (03) 6222 5706 for Services.