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MARCH KEY FIGURES

		Jan 2016	Feb 2016	Mar 2016	Feb 16 to Mar 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-3 316	-3 086	-2 836	8
	Seasonally adjusted	-3 270	-3 044	-2 163	29
CREDITS (Exports of goods & services)
	Trend estimates	25 638	25 615	25 628	-
	Seasonally adjusted	25 521	25 445	26 529	4
DEBITS (Imports of goods & services)
	Trend estimates	28 955	28 700	28 465	-1
	Seasonally adjusted	28 791	28 489	28 692	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 deficit of $2,836m in March 2016, a decrease of $250m (8%) on the deficit in February 2016.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $2,163m in March 2016, a decrease of $881m (29%) on the deficit in February 2016.

• In seasonally adjusted terms, goods and services credits rose $1,084m (4%) to $26,529m. Non-monetary gold rose $659m (58%) and non-rural goods rose $356m (2%). Rural goods fell $85m (2%) and net exports of goods under merchanting fell $1m (3%). Services credits rose $155m (3%).

• In seasonally adjusted terms, goods and services debits rose $203m (1%) to $28,692m. Non-monetary gold rose $122m (33%), capital goods rose $94m (2%) and intermediate and other merchandise goods rose $50m (1%). Consumption goods fell $177m (2%). Services debits rose $114m (2%).