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4 Mar 2014
Australian building approvals soar in January
FXStreet (Bali) - Australian building approvals for January came at 6.8 % m/m vs +0.5% expected and -2.9% last. On a yearly basis, +34.6% was the reading vs +24.0% expected and +21.8% last.
January key points - Australian Bureau of Statistics
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved rose 1.3% in January and has risen for 15 months. The seasonally adjusted estimate for total dwellings approved rose 6.8% in January after falling for three months.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 2.0% in January and has risen for 13 months. The seasonally adjusted estimate for private sector houses rose 8.3% in January following a fall of 1.9% in the previous month.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses rose 0.6% in January and has risen for ten months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 4.6% in January and has risen for two months.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved rose 1.4% in January and has risen for 24 months. The value of residential building rose 1.1% and has risen for 11 months. The value of non-residential building rose 1.7% and has risen for six months. The seasonally adjusted estimate of the value of total building approved fell 3.8% in January following a rise of 5.5% in the previous month. The value of residential building fell 1.4% following a rise of 3.1% in the previous month. The value of non-residential building fell 7.2% following a rise of 9.0% in the previous month.
January key points - Australian Bureau of Statistics
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved rose 1.3% in January and has risen for 15 months. The seasonally adjusted estimate for total dwellings approved rose 6.8% in January after falling for three months.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 2.0% in January and has risen for 13 months. The seasonally adjusted estimate for private sector houses rose 8.3% in January following a fall of 1.9% in the previous month.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses rose 0.6% in January and has risen for ten months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 4.6% in January and has risen for two months.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved rose 1.4% in January and has risen for 24 months. The value of residential building rose 1.1% and has risen for 11 months. The value of non-residential building rose 1.7% and has risen for six months. The seasonally adjusted estimate of the value of total building approved fell 3.8% in January following a rise of 5.5% in the previous month. The value of residential building fell 1.4% following a rise of 3.1% in the previous month. The value of non-residential building fell 7.2% following a rise of 9.0% in the previous month.