Australia August Seasonally Adjusted Building Approvals YoY: Positive for AUD
The Australian Bureau of Statistics released the seasonally adjusted year-over-year building approvals data for August on September 1, 2025. The reported figure was 6.6%. No consensus forecast was provided.Definition: This indicator is a key measure of future activity in the construction sector, as government approval for building projects is the initial step in new home construction. Market impact: If the actual reading exceeds expectations, it is considered positive for the Australian dollar.Importance: Level 1. The data reflects the change in the number of approved new buildings after seasonal adjustment. Release frequency is monthly, with the next publication scheduled for October 1, 2025.
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