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FEBRUARY KEY FIGURES

		Dec 2017	Jan 2018	Feb 2018	Jan 18 to Feb 18
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	177	200	262	31
	Seasonally adjusted	-1 445	952	825	-13
CREDITS (Exports of goods & services)
	Trend estimates	32 978	33 440	33 863	1
	Seasonally adjusted	32 648	34 227	34 229	-
DEBITS (Imports of goods & services)
	Trend estimates	32 801	33 240	33 601	1
	Seasonally adjusted	34 093	33 275	33 405	-
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $262m in February 2018, an increase of $62m on the surplus in January 2018.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $825m in February 2018, a decrease of $127m on the surplus in January 2018.

• In seasonally adjusted terms, goods and services credits rose $2m to $34,229m. Rural goods rose $552m (17%). Non-monetary gold fell $505m (23%) and non-rural goods fell $90m. Net exports of goods under merchanting remained steady at $7m. Services credits rose $45m (1%).

• In seasonally adjusted terms, goods and services debits rose $130m to $33,405m. Consumption goods rose $547m (7%), non-monetary gold rose $70m (17%) and capital goods rose $60m (1%). Intermediate and other merchandise goods fell $657m (6%). Services debits rose $110m (1%).