3 Feb 2014
Australian building permits slow down in Dec
FXstreet.com (Bali) - Australian building permits (MoM) for the month of December came at -2.9% vs 1.5% expected, while the yearly reading came at +23.4% vs +22.2% last.
Dec key points - Australian Bureau of Statistics
TOTAL DWELLING UNITS
The trend estimate for total dwellings approved rose 1.5% in December and has risen for 24 months.
The seasonally adjusted estimate for total dwellings approved fell 2.9% in December and has fallen for three months.
PRIVATE SECTOR HOUSES
The trend estimate for private sector houses approved rose 1.1% in December and has risen for 13 months.
The seasonally adjusted estimate for private sector houses fell 3.4% in December after rising for three months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
The trend estimate for private sector dwellings excluding houses rose 2.2% in December and has risen for nine months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 1.2% in December and has fallen for three months.
VALUE OF BUILDING APPROVED
The trend estimate of the value of total building approved rose 3.1% in December and has risen for 23 months. The value of residential building rose 2.2% and has risen for ten months. The value of non-residential building rose 4.3% and has risen for five months.
The seasonally adjusted estimate of the value of total building approved rose 6.5% in December following a fall of 3.9% in the previous month. The value of residential building rose 3.4% following a fall of 1.5% in the previous month. The value of non-residential building rose 11.2% following a fall of 7.3% in the previous month.
Dec key points - Australian Bureau of Statistics
TOTAL DWELLING UNITS
The trend estimate for total dwellings approved rose 1.5% in December and has risen for 24 months.
The seasonally adjusted estimate for total dwellings approved fell 2.9% in December and has fallen for three months.
PRIVATE SECTOR HOUSES
The trend estimate for private sector houses approved rose 1.1% in December and has risen for 13 months.
The seasonally adjusted estimate for private sector houses fell 3.4% in December after rising for three months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
The trend estimate for private sector dwellings excluding houses rose 2.2% in December and has risen for nine months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 1.2% in December and has fallen for three months.
VALUE OF BUILDING APPROVED
The trend estimate of the value of total building approved rose 3.1% in December and has risen for 23 months. The value of residential building rose 2.2% and has risen for ten months. The value of non-residential building rose 4.3% and has risen for five months.
The seasonally adjusted estimate of the value of total building approved rose 6.5% in December following a fall of 3.9% in the previous month. The value of residential building rose 3.4% following a fall of 1.5% in the previous month. The value of non-residential building rose 11.2% following a fall of 7.3% in the previous month.