FXStreet (Bali) – Australia building permits for April came at -4.4%, well below expectations of -2%, with the yearly report also decreasing to 16.3%.
APRIL KEY POINTS
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved fell 0.4% in April after rising for ten months. The seasonally adjusted estimate for total dwellings approved fell 4.4% in April following a rise of 2.9% in the previous month.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 1.1% in April and has risen for five months. The seasonally adjusted estimate for private sector houses rose 4.7% in April and has risen for four months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses fell 1.8% in April after rising for ten months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 15.0% in April following a rise of 4.5% in the previous month.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved fell 1.0% in April and has fallen for two months. The value of residential building fell 0.1% after rising for 12 months. The value of non-residential building fell 3.3% and has fallen for four months. The seasonally adjusted estimate of the value of total building approved fell 4.1% in April following a rise of 4.8% in the previous month. The value of residential building fell 3.5% following a rise of 4.7% in the previous month. The value of non-residential building fell 5.4% following a rise of 4.9% in the previous month.
(Market News Provided by FXstreet)