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 goldrose $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.