Track AU Building Approvals m/m to gauge future construction trends and economic impacts.
This indicator is a reliable predictor of future construction activity, as securing government approval is one of the initial steps in launching a new building project. The construction sector is significant due to its widespread impact; it generates employment for builders, subcontractors, and inspectors, and it involves the purchase of various services by construction firms.
What it Measures
Change in the number of newly approved building permits.
Usual Effect
A reported figure that exceeds the forecast is considered positive for the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • Released monthly, approximately 30 days after the conclusion of the previous month.
How Data is Derived
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Also Known As
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Acronym
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