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NOVEMBER KEY FIGURES

		Sep 2016	Oct 2016	Nov 2016	Oct 16 to Nov 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 011	-519	-16	97
	Seasonally adjusted	-662	-1 119	1 243	(a). .
CREDITS (Exports of goods & services)
	Trend estimates	27 666	28 198	28 706	2
	Seasonally adjusted	27 672	27 761	30 083	8
DEBITS (Imports of goods & services)
	Trend estimates	28 677	28 717	28 723	-
	Seasonally adjusted	28 334	28 880	28 840	-
. . not applicable - nil or rounded to zero (including null cells) (a) See paragraph 15 of the Explanatory Notes.

Balance on Goods and Services

• In trend terms, the balance on goods and services was a deficit of $16m in November 2016, a decrease of $503m (97%) on the deficit in October 2016.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $1,243m in November 2016, a turnaround of $2,362m on the deficit in October 2016.

• In seasonally adjusted terms, goods and services credits rose $2,322m (8%) to $30,083m. Non-rural goods rose $2,010m (12%) and rural goods rose $588m (17%). Non-monetary gold fell $305m (18%). Net exports of goods under merchanting remained steady at $5m. Services credits rose $29m.

• In seasonally adjusted terms, goods and services debits fell $40m to $28,840m. Capital goods fell $137m (2%) and consumption goods fell $33m. Intermediate and other merchandise goods rose $99m (1%) and non-monetary gold rose $17m (4%). Services debits rose $15m.