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JULY KEY FIGURES

		May 2016	Jun 2016	Jul 2016	Jun 16 to Jul 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-2 418	-2 423	-2 485	-3
	Seasonally adjusted	-2 434	-3 250	-2 410	26
CREDITS (Exports of goods & services)
	Trend estimates	25 922	26 089	26 214	-
	Seasonally adjusted	25 982	25 706	26 425	3
DEBITS (Imports of goods & services)
	Trend estimates	28 340	28 511	28 698	1
	Seasonally adjusted	28 416	28 957	28 835	-
- 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 $2,485m in July 2016, an increase of $62m (3%) on the deficit in June 2016.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $2,410m in July 2016, a decrease of $840m (26%) on the deficit in June 2016.

• In seasonally adjusted terms, goods and services credits rose $719m (3%) to $26,425m. Non-monetary gold rose $912m (62%), rural goods rose $42m (1%) and net exports of goods under merchanting rose $6m (21%). Non-rural goods fell $249m (2%). Services credits rose $8m.

• In seasonally adjusted terms, goods and services debits fell $122m to $28,835m. Consumption goods fell $511m (6%). Intermediate and other merchandise goods rose $231m (3%), capital goods rose $78m (2%) and non-monetary gold rose $30m (6%). Services debits rose $50m (1%).