REVISIONS
Revisions were made to incorporate the latest available data relating to merchandise trade and trade in services.
In original terms, these revisions have:
Decreased the deficit on goods and services for January 2006 by $161m.
Decreased the deficit for the seven months to January 2006 by $696m.
BALANCE ON GOODS AND SERVICES
The trend estimate of the balance on goods and services in February 2006 was a deficit of $1,426m, a decrease of $125m on the deficit in January.
In seasonally adjusted terms, the balance on goods and services in February 2006 was a deficit of $595m, a decrease of $1,881m on the deficit in January.
Rural goods
The trend estimate of rural goods exports rose $22m (1 percent) to $2,115m.
In seasonally adjusted terms, exports of rural goods fell $36m (2 percent) to $2,098m.
The movements in the seasonally adjusted components contributing to this fall were:
Cereal grains and cereal preparations, down $25m (6 percent) other rural, down $24m (3 percent) wool and sheepskins, down $10m (5 percent).
Partly offsetting these effects were meat and meat preparations, up $23m (4 percent).
In original terms, exports of rural goods rose $217m (12 percent) to $2,016m.
Non-rural goods
The trend estimate of non-rural goods exports rose $172m (2 percent) to $10,064m.
In seasonally adjusted terms, exports of non-rural goods rose $1,406m (15 percent) to $10,530m.
IMPORTS OF GOODS AND SERVICES
The trend estimate of goods and services debits rose $147m (1 percent) between January and February to $17,742m.
In seasonally adjusted terms, goods and services debits fell $406m (2 percent) to $17,408m. Capital goods fell $450m (12 percent), consumption goods fell $147m (3 percent) and other goods fell $112m (16 percent). Intermediate and other merchandise goods rose $324m (5 percent). Services debits fell $21m (1 percent).
Australian Bureau of Statistics
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