FEBRUARY KEY FIGURES
 | December
2006 | January
2007 | February
2007 | Jan 07 to
Feb 07 | |
| $m | $m | $m | % change | |
TREND | |
| |
| Balance on goods and services | -1 095 | -1 073 | -1 028 | . . | |
| Credits (exports of goods & services) | 18 024 | 18 153 | 18 266 | 1 | |
| Debits (imports of goods & services) | 19 118 | 19 226 | 19 294 | - | |
SEASONALLY ADJUSTED | |
| |
| Balance on goods and services | -1 423 | -832 | -838 | . . | |
| Credits (exports of goods & services) | 17 839 | 18 158 | 18 546 | 2 | |
| Debits (imports of goods & services) | 19 262 | 18 991 | 19 385 | 2 | |
| |
| . . not applicable |
| - nil or rounded to zero (including null cells) |
Balance on goods and services
| |
FEBRUARY KEY POINTS
TREND ESTIMATES
- The provisional trend estimate of the balance on goods and services was a deficit of $1,028m in February 2007, a decrease of $45m on the revised deficit in January.
- Goods and services credits rose $113m (1%) to $18,266m. Goods and services debits rose $68m to $19,294m.
SEASONALLY ADJUSTED ESTIMATES
- In seasonally adjusted terms, the balance on goods and services was a deficit of $838m in February, an increase of $6m on the revised deficit in January.
- Goods and services credits rose $388m (2%) to $18,546m. Non-rural and other goods rose $357m (3%) and rural goods rose $24m (1%). Services credits rose $7m.
- Goods and services debits rose $394m (2%) to $19,385m. Consumption goods rose $227 (5%), capital goods rose $101m (3%) and intermediate and other goods rose $72m (1%). Services debits fell $5m.
ORIGINAL ESTIMATES
- In original terms, the February 2007 balance on goods and services was a deficit of $208m, a decrease of $1,921m on the revised deficit in January. Goods and services credits rose $775m (5%) while goods and services debits fell $1,146m (6%).
- In the eight months to February, exports of non-rural and other goods were up $13.1b (16%) and rural goods were up $0.7b (4%) on the corresponding period in 2005-06.
NOTES
FORTHCOMING ISSUES
| ISSUE | Release Date |
| March 2007 | 4 May 2007 |
| April 2007 | 31 May 2007 |
| May 2007 | 4 July 2007 |
| June 2007 | 1 August 2007 |
| July 2007 | 31 August 2007 |
| August 2007 | 3 October 2007 |
REVISIONS
Revisions were made to both the balance of payments and merchandise trade series to incorporate the latest available administrative and survey data. Trade in services data for some previously forecast periods have been replaced with reported data. In original terms, revisions have:
- increased the deficit on goods and services for January 2007 by $14m
- increased the deficit on good and services for the seven months to January by $83m
- decreased the deficit on goods and services for 2005-06 by $17m.
CHANGES TO FORTHCOMING ISSUES
As announced in the January issue, the format of the datacube containing forward seasonal adjustment factors (table 90 Monthly forward seasonal adjustment factors) is to be changed to align with the current standard of excel spreadsheets (i.e. in .xls format). The new format is be available as table 91 and both tables 90 and 91 are available in this issue. Table 90 will be withdrawn from the March 2007 issue.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tom Jebbink on Canberra (02) 6252 5540.
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