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1 Jul 2015
Australia's May building approvals beats expectations
FXStreet (Bali) - Australia's May building approvals came at +2.4% MoM against a median consensus of +0.5%.
May key points
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved fell 0.1% in May after rising for 11 months. The seasonally adjusted estimate for total dwellings approved rose 2.4% in May following a fall of 5.2% in the previous month.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 0.1% in May and has risen for six months. The seasonally adjusted estimate for private sector houses fell 8.4% in May after rising for two months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses was flat in May after rising for 11 months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 16.6% in May following a fall of 16.9% in the previous month.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved fell 0.9% in May and has fallen for three months. The value of residential building rose 0.1% and has risen for 11 months. The value of non-residential building fell 3.4% and has fallen for five months. The seasonally adjusted estimate of the value of total building approved rose 2.1% in May following a fall of 3.1% in the previous month. The value of residential building rose 3.3% following a fall of 3.7% in the previous month. The value of non-residential building fell 1.1% and has fallen for two months.
May key points
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved fell 0.1% in May after rising for 11 months. The seasonally adjusted estimate for total dwellings approved rose 2.4% in May following a fall of 5.2% in the previous month.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 0.1% in May and has risen for six months. The seasonally adjusted estimate for private sector houses fell 8.4% in May after rising for two months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses was flat in May after rising for 11 months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 16.6% in May following a fall of 16.9% in the previous month.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved fell 0.9% in May and has fallen for three months. The value of residential building rose 0.1% and has risen for 11 months. The value of non-residential building fell 3.4% and has fallen for five months. The seasonally adjusted estimate of the value of total building approved rose 2.1% in May following a fall of 3.1% in the previous month. The value of residential building rose 3.3% following a fall of 3.7% in the previous month. The value of non-residential building fell 1.1% and has fallen for two months.