In trend terms, the balance on goods and services was a deficit of $2,239m in August 2016, an increase of $8m on the deficit in July 2016.

In seasonally adjusted terms, the balance on goods and services was a deficit of $2,010m in August 2016, a decrease of $111m (5%) on the deficit in July 2016.

In seasonally adjusted terms, goods and services credits rose $10m to $26,856m. Non-rural goods rose $406m (3%) and rural goods rose $36m (1%). Non-monetary gold fell $521m (22%). Net exports of goods under merchanting remained steady at $47m. Services credits rose $90m (1%).