Australia Building Approvals m/m

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Medium -1.0% 7.6%
-10.1%
Last release Importance Actual Forecast
Previous
5.1%
-1.0%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

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 calculation includes the following:

  • New building construction approvals
  • Approvals for alterations and additions to existing buildings
  • Approvals for repair and construction works

The statistics include approvals for the construction of residential buildings worth $10,000 or more. The minimum cost of non-residential buildings included in the indicator calculation is $50,000.

Data for calculation are collected from local government bodies and certifying agencies. Figures are seasonally adjusted, because construction intensity is traditionally higher in some periods. Thus, the seasonal adjustment allows for a more correct month-to-month comparison of data.

The value reflects current demand for housing and commercial buildings. It is considered to be a leading indicator of national construction industry activity: an increase in the number of construction approvals will subsequently lead to an increase in projects. Also, the indicator may indirectly affect the banking sector (due to mortgage loans and credits for production expansion).

Therefore the indicator growth may have a positive effect on Australian dollar quotes.

Last values:

actual data

forecast

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.

Date (GMT)
Reference
Actual
Forecast
Previous
Jan 2024
-1.0%
7.6%
-10.1%
Dec 2023
-9.5%
7.0%
0.3%
Nov 2023
1.6%
-11.4%
7.2%
Oct 2023
7.5%
-9.0%
-4.0%
Sep 2023
-4.6%
-1.7%
8.1%
Aug 2023
7.0%
17.9%
-7.4%
Jul 2023
-8.1%
-10.8%
-7.9%
Jun 2023
-7.7%
-5.9%
20.5%
May 2023
20.6%
8.6%
-6.8%
Apr 2023
-8.1%
-7.4%
-1.0%
Mar 2023
-0.1%
-3.5%
3.9%
Feb 2023
4.0%
-2.6%
-27.1%
Jan 2023
-27.6%
-6.3%
15.3%
Dec 2022
18.5%
14.6%
-8.8%
Nov 2022
-9.0%
17.6%
-5.6%
Oct 2022
-6.0%
-14.4%
-8.1%
Sep 2022
-5.8%
4.7%
23.1%
Aug 2022
28.1%
6.1%
-18.2%
Jul 2022
-17.2%
-5.8%
-0.6%
Jun 2022
-0.7%
-13.1%
11.2%
May 2022
9.9%
20.4%
-3.9%
Apr 2022
-2.4%
4.3%
-19.2%
Mar 2022
-18.5%
23.1%
42.0%
Feb 2022
43.5%
-7.6%
-27.1%
Jan 2022
-27.9%
0.7%
9.8%
Dec 2021
8.2%
-1.8%
2.6%
Nov 2021
3.6%
-2.0%
-13.6%
Oct 2021
-12.9%
5.6%
-3.9%
Sep 2021
-4.3%
-12.7%
7.6%
Aug 2021
6.8%
-6.4%
-8.6%
Jul 2021
-8.6%
6.0%
-5.5%
Jun 2021
-6.7%
-7.4%
-7.6%
May 2021
-7.1%
6.6%
-5.7%
Apr 2021
-8.6%
3.7%
18.9%
Mar 2021
17.4%
4.5%
20.1%
Feb 2021
21.6%
-2.3%
-19.4%
Jan 2021
-19.4%
-2.7%
12.0%
Dec 2020
10.9%
-0.3%
3.4%
Nov 2020
2.6%
2.5%
3.3%
Oct 2020
3.8%
-2.0%
16.2%
Sep 2020
15.4%
6.6%
-2.3%
Aug 2020
-1.6%
-5.1%
12.2%
Jul 2020
12.0%
-0.5%
-4.2%
Jun 2020
-4.9%
0.6%
-15.8%
May 2020
-16.4%
-4.5%
-2.1%
Apr 2020
-1.8%
2.2%
-2.6%
Mar 2020
-4.0%
-3.4%
19.4%
Feb 2020
19.9%
0.3%
-15.1%
Jan 2020
-15.3%
3.7%
3.9%
Dec 2019
-0.2%
-4.9%
10.9%

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