Australia Building Approvals m/m represent a change in the number of permits issued by government authorities for new construction projects, including housing, commercial and industrial buildings, in the reported month compared to the previous one.
The value reflects demand in the housing market and is a leading indicator of construction activity. Therefore the index growth may have a positive effect on Australian dollar quotes.
The chart of the entire available history of the "Australia Building Approvals m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.