fxs_header_sponsor_anchor

News

Australia's building approvals for April recover some ground

Australia's building approvals for April stood at +4.4% m/m vs 3.0% exp and -10.4% prior (revised from -13.4%), with the yearly reading at -17.2% vs -18.1% exp and -19.9% prior.

KEY POINTS

TOTAL DWELLING UNITS: The trend estimate for total dwellings approved rose 0.8% in March after falling for nine months. The seasonally adjusted estimate for total dwellings approved fell 13.4% in March after rising for two months.

PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved fell 0.6% in March and has fallen for 12 months. The seasonally adjusted estimate for private sector houses fell 4.3% in March following a rise of 5.0% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses rose 2.2% in March and has risen for three months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 22.5% in March after rising for four months.

VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved rose 0.1% in March after falling for seven months. The value of residential building rose 1.0% and has risen for three months. The value of non-residential building fell 1.9% and has fallen for seven months. The seasonally adjusted estimate of the value of total building approved fell 15.5% in March following a rise of 22.6% in the previous month. The value of residential building fell 20.8% after rising for four months. The value of non-residential building fell 4.5% following a rise of 36.1% in the previous month.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.