Australian Building Approvals for September % m/m
- expected -2.0% m/m, prior 7.6% (revised from 6.8%)
Private sector houses approved fell 16.0% m/m, & -2.7% y/y
- private sector dwellings excluding houses rose 18.1%
The value of non-residential building approved fell 11.3%.
+12.8% y/y
- prior 31.2%
While approvals have fallen again (m/m) the construction pipeline is still jam-packed ahead.
