Australian Building Approvals rose by 0.9%

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Thursday, Nov 30 2017

Australian Building Approvals rose by 0.9%

The trend estimate for total dwellings approved rose 0.7% in October and has risen for nine months. The seasonally adjusted estimate for total dwellings approved rose 0.9% in October. The trend estimate for private sector houses approved rose 0.6% in October and has risen for eight months. The seasonally adjusted estimate for private sector houses rose 1.5% in October. The trend estimate for private sector dwellings excluding houses rose 0.8% in October and has risen for five months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 1.0% in October.

Separate report on Private Capital Expenditure showed that the trend volume estimate for total new capital expenditure rose by 1.1% in the September quarter 2017 while the seasonally adjusted estimate rose by 1.0%. The trend volume estimate for buildings and structures rose by 1.0% in the September quarter 2017 while the seasonally adjusted estimate rose by 1.2%. The trend volume estimate for equipment, plant and machinery rose by 1.2% in the September quarter 2017 while the seasonally adjusted estimate rose by 0.7%.

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