Australia August 2025 Private Building Approvals YoY: Positive Signal
On September 1, 2025, the Australian Bureau of Statistics released the seasonally adjusted year-on-year growth rate for private building approvals in August, which came in at 0.3%. No consensus forecast was provided; the previous reading was also 0.3%.This indicator serves as a key measure of future activity in the construction sector, as obtaining government approval is the first step toward new home development. A reading above expectations typically exerts a positive impact on the Australian dollar.The data carries a low importance rating of 1. It is calculated as the seasonally adjusted change in the number of approved new buildings and is published monthly. The next release is scheduled for October 1, 2025.
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