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August key points


Balance on goods and services

• In trend terms, the balance on goods and services was a surplus of $6,925m in August 2019, an increase of $73m on the surplus in July 2019.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $5,926m in August 2019, a decrease of $1,327m on the surplus in July 2019.

• In seasonally adjusted terms, goods and services credits fell $1,464m (3%) to $40,982m. Non-rural goods fell $971m (4%) and non-monetary gold fell $601m (22%). Rural goods rose $51m (1%) and net exports of goods under merchanting rose $3m (25%). Services credits rose $53m (1%).

• In seasonally adjusted terms, goods and services debits fell $137m to $35,056m. Intermediate and other merchandise goods fell $424m (4%), capital goods fell $115m (2%) and consumption goods fell $76m (1%). Non-monetary gold rose $313m (40%). Services debits rose $164m (2%).

		Jun 2019	Jul 2019	Aug 2019	Jul 19 to Aug 19
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	6 688	6 852	6 925	1
	Seasonally adjusted	7 947	7 253	5 926	-18
CREDITS (Exports of goods & services)
	Trend estimates	41 773	41 880	41 933	-
	Seasonally adjusted	42 294	42 446	40 982	-3
DEBITS (Imports of goods & services)
	Trend estimates	35 084	35 028	35 008	-
	Seasonally adjusted	34 347	35 193	35 056	-
- nil or rounded to zero (including null cells)