Australia Building Approvals m/m

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Medium -4.7% -3.6%
-13.4%
Last release Importance Actual Forecast
Previous
4.0%
-4.7%
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
Apr 2019
-4.7%
-3.6%
-13.4%
Mar 2019
-15.5%
2.8%
19.1%
Feb 2019
19.1%
-3.3%
2.3%
Jan 2019
2.5%
1.8%
-8.1%
Dec 2018
-8.4%
2.7%
-9.8%
Nov 2018
-9.1%
-4.4%
-1.4%
Oct 2018
-1.5%
3.0%
5.5%
Sep 2018
3.3%
-3.9%
-8.1%
Aug 2018
-9.4%
8.6%
-4.6%
Jul 2018
-5.2%
-5.8%
6.8%
Jun 2018
6.4%
0.6%
-2.5%
May 2018
-3.2%
2.0%
-5.6%
Apr 2018
-5.0%
-3.5%
3.5%
Mar 2018
2.6%
6.8%
-4.2%
Feb 2018
-6.2%
-7.3%
17.2%
Jan 2018
17.1%
4.0%
-20.6%
Dec 2017
-20.0%
-1.7%
12.6%
Nov 2017
11.7%
2.2%
-0.1%
Oct 2017
0.9%
-3.1%
0.6%
Sep 2017
1.5%
3.8%
0.1%
Aug 2017
0.4%
-1.2%
Jul 2017
-1.7%
11.7%
Jun 2017
10.9%
-5.4%
May 2017
-5.6%
4.8%
Apr 2017
4.4%
-10.3%
Mar 2017
-13.4%
8.9%
Feb 2017
8.3%
2.2%
Jan 2017
1.8%
-2.5%
Dec 2016
-1.2%
7.0%
Nov 2016
7.0%
-11.8%
Oct 2016
-12.6%
-9.3%
Sep 2016
-8.7%
-1.8%
Aug 2016
-1.8%
12.0%
Jul 2016
11.3%
-4.7%
Jun 2016
-2.9%
-5.4%
May 2016
-5.2%
3.3%
Apr 2016
3.0%
2.9%
Mar 2016
3.7%
2.9%
Feb 2016
3.1%
-6.6%
Jan 2016
-7.5%
8.6%
Dec 2015
9.2%
-12.4%
Nov 2015
-12.7%
3.9%
Oct 2015
3.9%
2.3%
Sep 2015
2.2%
-9.5%
Aug 2015
-6.9%
7.9%
Jul 2015
4.2%
-5.2%
Jun 2015
-8.2%
2.3%
May 2015
2.4%
-5.2%
Apr 2015
-4.4%
2.9%
Mar 2015
2.8%
-1.6%

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