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2 Apr 2014
Australian building approvals fall below expectations
FXStreet (Bali) - Building approvals in Australia for the month of February (MoM) came at -5% vs -2.5% expected and +6.9% in January, with the private house approvals standing at -2.1% vs 8.4% last month.
Key Points
TOTAL DWELLING UNITS
The trend estimate for total dwellings approved rose 0.7% in February and has risen for 26 months.
The seasonally adjusted estimate for total dwellings approved fell 5.0% in February following a rise of 6.9% in the previous month.
PRIVATE SECTOR HOUSES
The trend estimate for private sector houses approved rose 1.9% in February and has risen for 14 months.
The seasonally adjusted estimate for private sector houses fell 2.1% in February following a rise of 8.4% in the previous month.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
The trend estimate for private sector dwellings excluding houses fell 0.7% in February and has fallen for two months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 8.7% in February after rising for two months.
VALUE OF BUILDING APPROVED
The trend estimate of the value of total building approved rose 0.2% in February and has risen for eight months. The value of residential building rose 0.2% and has risen for 12 months. The value of non-residential building rose 0.3% and has risen for seven months.
The seasonally adjusted estimate of the value of total building approved fell 0.3% in February and has fallen for two months. The value of residential building fell 0.2% and has fallen for two months. The value of non-residential building fell 0.5% and has fallen for two months.
Key Points
TOTAL DWELLING UNITS
The trend estimate for total dwellings approved rose 0.7% in February and has risen for 26 months.
The seasonally adjusted estimate for total dwellings approved fell 5.0% in February following a rise of 6.9% in the previous month.
PRIVATE SECTOR HOUSES
The trend estimate for private sector houses approved rose 1.9% in February and has risen for 14 months.
The seasonally adjusted estimate for private sector houses fell 2.1% in February following a rise of 8.4% in the previous month.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
The trend estimate for private sector dwellings excluding houses fell 0.7% in February and has fallen for two months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 8.7% in February after rising for two months.
VALUE OF BUILDING APPROVED
The trend estimate of the value of total building approved rose 0.2% in February and has risen for eight months. The value of residential building rose 0.2% and has risen for 12 months. The value of non-residential building rose 0.3% and has risen for seven months.
The seasonally adjusted estimate of the value of total building approved fell 0.3% in February and has fallen for two months. The value of residential building fell 0.2% and has fallen for two months. The value of non-residential building fell 0.5% and has fallen for two months.