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JULY KEY FIGURES

		May 2015	Jun 2015	Jul 2015	Jun 15 to Jul 15
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-2 803	-2 954	-2 999	-2
	Seasonally adjusted	-2 536	-3 050	-2 460	19
CREDITS (Exports of goods & services)
	Trend estimates	26 114	26 064	26 081	-
	Seasonally adjusted	25 508	26 291	26 903	2
DEBITS (Imports of goods & services)
	Trend estimates	28 917	29 018	29 080	-
	Seasonally adjusted	28 045	29 340	29 363	-
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a deficit of $2,999m in July 2015, an increase of $45m (2%) on the deficit in June 2015.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $2,460m in July 2015, a decrease of $590m (19%) on the deficit in June 2015.

• In seasonally adjusted terms, goods and services credits rose $612m (2%) to $26,903m. Non-monetary gold rose $646m (62%) and net exports of goods under merchanting rose $2m (6%). Rural goods fell $76m (2%) and non-rural goods fell $9m. Services credits rose $49m (1%).

• In seasonally adjusted terms, goods and services debits rose $23m to $29,363m. Capital goods rose $662m (13%) and consumption goods rose $228m (3%). Intermediate and other merchandise goods fell $811m (8%) and non-monetary gold fell $38m (11%). Services debits fell $18m.