Australia August Private Sector Building Approvals YoY: Positive Signal
The Australian Bureau of Statistics released the seasonally adjusted year-on-year private sector building approvals data for August on September 1, 2025. The reported figure was 0.3%. No consensus forecast was provided; the previous reading was also 0.3%.This indicator is a key measure of future activity in the construction sector, as obtaining government approval is the first step in building new homes. A result above expectations is considered supportive for the Australian dollar.The data has an importance level of 1. The statistic reflects the seasonally adjusted change in the number of approved new buildings and is published monthly. The next release is scheduled for October 1, 2025.
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