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Australia Jun Building Approvals -6.7% M/M

AUSTRALIA DATA
MNI (Singapore)
  • The seasonally adjusted estimate for total dwellings approved fell 6.7% in June, following a 7.6% decrease in May.
  • Private sector house approvals fell 11.8% in June, to 12,037, following a 10.3% fall in May, after reaching a record high In April. Private sector dwellings excluding houses increased 0.8% in June.
  • The value of non-residential building fell 3.0% (to $4.93b), following a 27.3% rise in May, in seasonally adjusted terms.
  • Total dwelling approvals in the 2020-21 financial year were 27.3% higher than in the 2019-20 financial year, in seasonally adjusted terms. This was driven by private sector house approvals which were 42.8% higher in 2020-21 than 2019-20. Public sector dwellings also showed a large rise, up 41.3% in 2020-21 from 2019-20.
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