5 May 2014
Australian building approvals softer-than-expected
FXStreet (Bali) - Australian building approvals came at -3.5% vs 1% expected and -5% last, with the yearly reading coming at 20% vs 23.2% last.
MARCH KEY POINTS
TOTAL DWELLING UNITS
The trend estimate for total dwellings approved fell 0.8% in March and has fallen for two months.
The seasonally adjusted estimate for total dwellings approved fell 3.5% in March and has fallen for two months.
PRIVATE SECTOR HOUSES
The trend estimate for private sector houses approved rose 1.1% in March and has risen for 15 months.
The seasonally adjusted estimate for private sector houses fell 0.7% in March and has fallen for two months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
The trend estimate for private sector dwellings excluding houses fell 3.3% in March and has fallen for four months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 7.0% in March and has fallen for two months.
VALUE OF BUILDING APPROVED
The trend estimate of the value of total building approved fell 2.3% in March and has fallen for three months. The value of residential building fell 0.9% and has fallen for three months. The value of non-residential building fell 4.6% and has fallen for four months.
The seasonally adjusted estimate of the value of total building approved fell 11.0% in March and has fallen for three months. The value of residential building fell 3.2% following a rise of 0.2% in the previous month. The value of non-residential building fell 23.3% and has fallen for three months.
MARCH KEY POINTS
TOTAL DWELLING UNITS
The trend estimate for total dwellings approved fell 0.8% in March and has fallen for two months.
The seasonally adjusted estimate for total dwellings approved fell 3.5% in March and has fallen for two months.
PRIVATE SECTOR HOUSES
The trend estimate for private sector houses approved rose 1.1% in March and has risen for 15 months.
The seasonally adjusted estimate for private sector houses fell 0.7% in March and has fallen for two months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
The trend estimate for private sector dwellings excluding houses fell 3.3% in March and has fallen for four months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 7.0% in March and has fallen for two months.
VALUE OF BUILDING APPROVED
The trend estimate of the value of total building approved fell 2.3% in March and has fallen for three months. The value of residential building fell 0.9% and has fallen for three months. The value of non-residential building fell 4.6% and has fallen for four months.
The seasonally adjusted estimate of the value of total building approved fell 11.0% in March and has fallen for three months. The value of residential building fell 3.2% following a rise of 0.2% in the previous month. The value of non-residential building fell 23.3% and has fallen for three months.