I had the data posted to Twitter already (make sure you are following @ForexLive)
Building approvals for August
- For the m/m, in at +3.0% vs. expected +1.0%, prior was +2.5%
- For the y/y, in at +14.5, vs. expected is +12.7%, prior was +9.4%
– From the Australian Bureau of Statistics:
AUGUST KEY POINTS
TOTAL DWELLING UNITS
- The trend estimate for total dwellings approved rose 1.2% in August and has risen for three months.
- The seasonally adjusted estimate for total dwellings approved rose 3.0% in August and has risen for two months.
PRIVATE SECTOR HOUSES
- The trend estimate for private sector houses approved was flat in August.
- The seasonally adjusted estimate for private sector houses fell 1.8% in August following a rise of 1.3% in the previous month.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
- The trend estimate for private sector dwellings excluding houses rose 3.1% in August and has risen for three months.
- The seasonally adjusted estimate for private sector dwellings excluding houses rose 9.6% in August and has risen for two months.
VALUE OF BUILDING APPROVED
- The trend estimate of the value of total building approved rose 0.8% in August and has risen for two months. The value of residential building rose 1.4% and has risen for four months. The value of non-residential building fell 0.5% and has fallen for nine months.
- The seasonally adjusted estimate of the value of total building approved rose 0.5% in August following a fall of 10.9% in the previous month. The value of residential building rose 3.0% and has risen for two months. The value of non-residential building fell 4.5% and has fallen for two months.
