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Actual | Forecast | Previous | Revised Form | |
| -7.0% | 0.6% | 5.6% | 2.2% | ||
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For January m/m (s.a.)
Approvals y/y (n.s.a.): pr. 53.3% (Dec), 33.3% (Nov),
11.7% (Oct),
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| 6/1 | 6/30 | 7/29 | 8/31 | 9/29 | 11/3 | 11/30 | 1/5 | 2/3 | 3/1 | ||
| Actual | 5.1% | -12.5% | 9.3% | 7.7% | -0.1% | 2.7% | -0.6% | 5.9% | 2.2% | -7.0% | |
| Forecast | 2.1% | 3.2% | 7.2% | 3.3% | 2.7% | 2.4% | 2.0% | 3.1% | 0.0% | 0.6% | |
| Previous | 6.3% | 5.1% | -11.0% | 9.9% | 6.6% | -0.9% | 5.1% | -1.8% | 10.4% | 5.6% | |
| Revised From | 3.5% | N/A | -12.5% | 9.3% | 7.7% | -0.1% | 2.7% | -0.6% | 5.9% | 2.2% | |
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Actual | Forecast | Previous | Revised Form | |
| 2.2% | 0.0% | 10.4% | 5.9% | ||
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For December m/m (s.a.)
Approvals y/y (n.s.a.): 53.3%, forecast 38.2%, 33.3% (Nov),
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Actual | Forecast | Previous | Revised Form | |
| 5.9% | 3.1% | -1.8% | -0.6% |
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Actual | Forecast | Previous | Revised Form | |
| -0.6% | 2.0% | 5.1% | 2.7% | ||
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For October m/m (s.a.)
Approvals y/y (n.s.a.): 11.7%, pr. 11.7% (Sep), 0.0% (Aug),
Australia’s seasonally adjusted building approvals unexpectedly slipped 0.6% m/m to 12,814 in October, the first decline in five months, after an upwardly revised 5.1% m/m increase in September, data from the Australian Bureau of Statistics showed. October building approvals rose 11.7% y/y. Approvals to build private houses increased 5.0% m/m to 9,642 in October, a tenth consecutive monthly gain, while approvals for apartments and renovations fell 19.3% m/m to 2,512. |
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Actual | Forecast | Previous | Revised Form | |
| 2.7% | 2.4% | -0.9% | -0.1% | ||
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For September m/m (s.a.)
Approvals y/y (n.s.a.): pr. 0.0% (Aug), -3.9% (Jul), -14.3% (Jun),
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | 2.7% | 6.6% | 7.7% | ||
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For August m/m (s.a.)
Approvals y/y (n.s.a.): 0.0%, pr. -3.9% (Jul), -14.3% (Jun),
Australian building approvals unexpectedly fell 0.1% in August, following a downwardly revised 6.6% increase in July. Its a sign of what may be in store for housing as government stimulus measures begin to wane. The central bank has kept interest rates at a 49-year low of 3% since April, when Governor Glenn Stevens slashed borrowing costs by a record 4.25% between September and April. However, both the fiscal stimulus from the government and the loose monetary policy will have to be unwound as the private sector rebounds. The housing sector and approvals has benefited from the government tripling its grants to A$21,000 for first-time buyers of new homes. The low interest rates and increased demand from the tax credit helped push housing prices up 4.2% in the second quarter. The Reserve Bank of Australia meets next week, and will be watched for any hints of when the bank sees itself raising rates. |
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Actual | Forecast | Previous | Revised Form | |
| 7.7% | 3.3% | 9.9% | 9.3% | ||
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For July m/m (s.a.)
Approvals y/y: pr. -22.4% (May), -16.1% (Apr), 15.2% (Mar),
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Actual | Forecast | Previous | Revised Form | |
| 9.3% | 7.2% | -11.0% | -12.5% | ||
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For June m/m (s.a.)
Approvals y/y: pr. -22.4% (May), -16.1% (Apr), 15.2% (Mar),
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Actual | Forecast | Previous | Revised Form | |
| -12.5% | 3.2% | 5.1% | N/A | ||
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For May m/m (s.a.)
Approvals y/y: -22.4%, pr. -16.1% (Apr), 15.2% (Mar), -25.5% (Feb),
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Actual | Forecast | Previous | Revised Form | |
| 5.1% | 2.1% | 6.3% | 3.5% | ||
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For April m/m (s.a.)
Approvals y/y: -16.1%, pr. -15.2% R (Mar), -25.5% (Feb), -33.5% (Jan),
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