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JULY KEY FIGURES

		May 2017	Jun 2017	Jul 2017	Jun 17 to Jul 17
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	1 449	1 018	768	-25
	Seasonally adjusted	1 951	888	460	-48
CREDITS (Exports of goods & services)
	Trend estimates	31 925	31 679	31 554	-
	Seasonally adjusted	32 189	31 780	31 071	-2
DEBITS (Imports of goods & services)
	Trend estimates	30 476	30 661	30 786	-
	Seasonally adjusted	30 239	30 892	30 611	-1
- 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 $768m in July 2017, a decrease of $250m on the surplus in June 2017.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $460m in July 2017, a decrease of $428m on the surplus in June 2017.

• In seasonally adjusted terms, goods and services credits fell $709m (2%) to $31,071m. Non-rural goods fell $631m (3%), non-monetary gold fell $330m (17%) and net exports of goods under merchanting fell $4m (15%). Rural goods rose $97m (2%). Services credits rose $159m (3%).

• In seasonally adjusted terms, goods and services debits fell $281m (1%) to $30,611m. Consumption goods fell $139m (2%), non-monetary gold fell $92m (17%), intermediate and other merchandise goods fell $77m (1%) and capital goods fell $27m. Services debits rose $54m (1%).