OctaFX | OctaFX Forex Broker
Open trading account
Back

Australian building permits beat estimates in August

FXStreet (Bali) - Australian local data favoured the upside in the Aussie, with building permits coming at +3% in August vs +2.1% last month (revised from +2.5%), while the trade balance showed a deficit of AUD 787 million.

Main headlines

Australia Building Permits (YoY) climbed from previous 9.4% to

Australia Imports declined to -3% in August from previous 0%

Australia Trade Balance came in at -787M below forecasts (-700M) in August

Australia Exports: -2% (August) vs previous 1%

Australia Building Permits (MoM) above forecasts (1%) in August: Actual (3%)

Key points trade balance

BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $1,548m in August 2014, an increase of $74m (5%) on the deficit in July 2014. In seasonally adjusted terms, the balance on goods and services was a deficit of $787m in August 2014, a decrease of $288m (27%) on the deficit in July 2014.

CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits fell $413m (2%) to $26,372m. Non-monetary gold fell $252m (21%), rural goods fell $142m (4%) and non-rural goods fell $17m. Net exports of goods under merchanting remained steady at $8m. Services credits fell $1m.

DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $701m (3%) to $27,159m. Intermediate and other merchandise goods fell $878m (9%), consumption goods fell $65m (1%) and non-monetary gold fell $25m (10%). Capital goods rose $294m (6%). Services debits fell $27m.

Key points building permits


TOTAL DWELLING UNITS: The trend estimate for total dwellings approved rose 1.2% in August and has risen for three months. The seasonally adjusted estimate for total dwellings approved rose 3.0% in August and has risen for two months.

PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved was flat in August. The seasonally adjusted estimate for private sector houses fell 1.8% in August following a rise of 1.3% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses rose 3.1% in August and has risen for three months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 9.6% in August and has risen for two months.

VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved rose 0.8% in August and has risen for two months. The value of residential building rose 1.4% and has risen for four months. The value of non-residential building fell 0.5% and has fallen for nine months.
The seasonally adjusted estimate of the value of total building approved rose 0.5% in August following a fall of 10.9% in the previous month. The value of residential building rose 3.0% and has risen for two months. The value of non-residential building fell 4.5% and has fallen for two months.

Australia Building Permits (YoY) climbed from previous 9.4% to 14.5% in August

Read more Previous

AUD/USD moving on up to challenge key resistance

AUD/USD is trading at 0.8768, up 0.36% on the day, having posted a daily high at 0.8775 and low at 0.8723.
Read more Next
Start livechat