2 Jun 2014
Australian building permits for April plummet
FXStreet (Bali) - Building permits (MoM) in Australia for the month of April came much-worse-than-expected at -5.6% vs 1.8% expected and -4.8% last.
Official release
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved fell 1.6% in April and has fallen for four months. The seasonally adjusted estimate for total dwellings approved fell 5.6% in April and has fallen for three months.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 0.5% in April and has risen for 16 months.
The seasonally adjusted estimate for private sector houses fell 0.3% in April and has fallen for three months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses fell 4.6% in April and has fallen for five months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 14.0% in April and has fallen for three months.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved fell 5.6% in April and has fallen for five months. The value of residential building fell 1.8% and has fallen for four months. The value of non-residential building fell 12.8% and has fallen for five months.
The seasonally adjusted estimate of the value of total building approved fell 17.4% in April and has fallen for four months. The value of residential building fell 7.4% and has fallen for two months. The value of non-residential building fell 36.6% and has fallen for four months.
Official release
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved fell 1.6% in April and has fallen for four months. The seasonally adjusted estimate for total dwellings approved fell 5.6% in April and has fallen for three months.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 0.5% in April and has risen for 16 months.
The seasonally adjusted estimate for private sector houses fell 0.3% in April and has fallen for three months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses fell 4.6% in April and has fallen for five months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 14.0% in April and has fallen for three months.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved fell 5.6% in April and has fallen for five months. The value of residential building fell 1.8% and has fallen for four months. The value of non-residential building fell 12.8% and has fallen for five months.
The seasonally adjusted estimate of the value of total building approved fell 17.4% in April and has fallen for four months. The value of residential building fell 7.4% and has fallen for two months. The value of non-residential building fell 36.6% and has fallen for four months.