Australia AUD

Australia Building Permits MoM Final

Impact:
Low

Next Release:

Date:
Period: May
What Does It Measure?
The Australia Building Permits MoM measures the number of permits granted for the construction of new buildings and renovations in Australia, explicitly reflecting the level of activity in the construction sector. It primarily assesses the potential future construction output, providing insights into economic health, employment, and investment trends.
Frequency
This report is released monthly, typically published on the first business day of the month following the reporting period, presenting the final figure for the previous month.
Why Do Traders Care?
Traders pay attention to the Building Permits MoM because it serves as an early indicator of market demand and economic activity, impacting various asset classes such as the Australian dollar (AUD), equities, and real estate investments. A higher-than-expected figure usually indicates economic strength, which can bolster the currency and share prices, while a lower figure may suggest economic weakness, resulting in bearish sentiment.
What Is It Derived From?
The Building Permits MoM is derived from data collected by the Australian Bureau of Statistics, which surveys local government authorities regarding the number and value of building permits issued. This process involves a comprehensive aggregation of permits across various sectors, including residential and non-residential construction, ensuring accurate representation of the construction landscape.
Description
Preliminary reports of building permits are based on early data and can be subject to revision, whereas final reports contain more accurate and comprehensive data reflecting the actual permits issued. The comparison is typically made Month-over-Month (MoM), showcasing short-term changes and useful for identifying trends in construction activities over a brief period.
Additional Notes
Building permits are considered a leading economic indicator, providing insights into future construction spending and housing supply dynamics. This event closely relates to trends in employment, consumer confidence, and broader economic conditions in Australia, often reflecting the strength of the country’s real estate market.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
;