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- Australian building approvals recovers in July
Australian building approvals recovers in July
The trend estimate for total dwellings approved rose 0.2% in July and has risen for eight months.
The seasonally adjusted estimate for total dwellings approved rose 11.3% in July after falling for two months.
The trend estimate of the value of total building approved rose 1.9% in July and has risen for seven months. The value of residential building rose 0.9% and has risen for eight months. The value of non-residential building rose 3.9% and has risen for five months.
The seasonally adjusted estimate of the value of total building approved rose 3.2% in July and has risen for two months. The value of residential building rose 6.2% after falling for two months. The value of non-residential building fell 2.5% following a rise of 16.5% in the previous month.
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