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8 Jan 2015
Australian building permits Nov better-than-expected
FXStreet (Bali) - Australian building permits came above expectations, with the monthly read for November at +10.1% vs -3.5% exp and 11.5% last - revised higher -, with the yearly read at 7.5% vs 2.5% last.
Nov key figures
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved rose 0.2% in November and has risen for six months. The seasonally adjusted estimate for total dwellings approved rose 7.5% in November and has risen for two months.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved fell 0.3% in November and has fallen for eight months. The seasonally adjusted estimate for private sector houses fell 0.3% in November and has fallen for three months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses rose 1.0% in November and has risen for six months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 16.7% in November and has risen for two months.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved fell 0.7% in November and has fallen for 12 months. The value of residential building fell 0.5% and has fallen for five months. The value of non-residential building fell 1.0% following a rise of 0.5% in the previous month. The seasonally adjusted estimate of the value of total building approved rose 19.6% in November and has risen for two months. The value of residential building rose 15.3% and has risen for two months. The value of non-residential building rose 29.7% following a fall of 13.1% in the previous month.
Nov key figures
TOTAL DWELLING UNITS: The trend estimate for total dwellings approved rose 0.2% in November and has risen for six months. The seasonally adjusted estimate for total dwellings approved rose 7.5% in November and has risen for two months.
PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved fell 0.3% in November and has fallen for eight months. The seasonally adjusted estimate for private sector houses fell 0.3% in November and has fallen for three months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses rose 1.0% in November and has risen for six months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 16.7% in November and has risen for two months.
VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved fell 0.7% in November and has fallen for 12 months. The value of residential building fell 0.5% and has fallen for five months. The value of non-residential building fell 1.0% following a rise of 0.5% in the previous month. The seasonally adjusted estimate of the value of total building approved rose 19.6% in November and has risen for two months. The value of residential building rose 15.3% and has risen for two months. The value of non-residential building rose 29.7% following a fall of 13.1% in the previous month.