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Australian Trade Balance surplus rose to $1,7 billion

Thursday, Nov 02 2017
Australian Trade Balance surplus rose to $1,7 billion

In trend terms, the balance on goods and services was a surplus of $1,061m in September 2017, an increase of $6m on the surplus in August 2017. In seasonally adjusted terms, the balance on goods and services was a surplus of $1,745m in September 2017, an increase of $872m on the surplus in August 2017.  In seasonally adjusted terms, goods and services credits rose $924m (3%) to $32,961m. Non-rural goods rose $599m (3%), non-monetary gold rose $217m (17%), rural goods rose $5m and net exports of goods under merchanting rose $1m (2%). Services credits rose $102m (1%). In seasonally adjusted terms, goods and services debits rose $52m to $31,216m. Consumption goods rose $191m (2%) and capital goods rose $58m (1%). Non-monetary gold fell $65m (14%) and intermediate and other merchandise goods fell $35m. Services debits fell $97m (1%).

Separate report on Building Approvals showed that the trend estimate for total dwellings approved rose 1.8% in September and has risen for eight months. The seasonally adjusted estimate for total dwellings approved rose 1.5% in September and has risen for two months. The trend estimate for private sector houses approved rose 0.7% in September and has risen for seven months. The seasonally adjusted estimate for private sector houses rose 0.6% in September following a fall of 0.8% in the previous month. The trend estimate for private sector dwellings excluding houses rose 3.2% in September and has risen for four months.

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