Australia August Private Sector Building Approvals: Positive Signal
The Australian Bureau of Statistics released the seasonally adjusted month-on-month data for private sector building approvals for August on September 1, 2025. The reported figure was 1.1%. No forecast was provided; the previous value was also 1.1%.This data serves as a key indicator of future activity in the construction sector, as obtaining government building approval is the first step in new home construction. A result higher than the forecast is considered positive for the Australian dollar.This indicator has a medium importance level (2). It measures the seasonally adjusted change in the number of approved new buildings and is released monthly. The next release is scheduled for October 2025.
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