Turf QLD Industry Alert |ABS Building Approvals, Australia, Feb 2015

ABS Building Approvals, Australia, Feb 2015 

NB: FEBRUARY 15 KEY POINTS
TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 1.6% in February and has risen for nine months.
• The seasonally adjusted estimate for total dwellings approved fell 3.2% in February after rising for four months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved was flat in February.
• The seasonally adjusted estimate for private sector houses fell 0.1% in February after being flat in January.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses rose 3.3% in February and has risen for nine months.
• The seasonally adjusted estimate for private sector dwellings excluding houses fell 6.0% in February following a rise of 15.0% in the previous month.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved rose 1.0% in February and has risen for eight months. The value of residential building rose 2.1% and has risen for 11 months. The value of non-residential building fell 1.4% and has fallen for two months.
• The seasonally adjusted estimate of the value of total building approved fell 19.5% in February following a rise of 20.1% in the previous month. The value of residential building fell 4.3% following a rise of 10.3% in the previous month. The value of non-residential building fell 44.0% following a rise of 40.3% in the previous month.

ABS Engineering Construction Activity, Australia, Dec 2014

NB: DECEMBER 14 KEY POINTS
VALUE OF WORK DONE, CHAIN VOLUME MEASURES

TOTAL

• The trend estimate for the value of total engineering construction work done fell 2.8% in the December 2014 quarter.
• The seasonally adjusted estimate for the value of total engineering construction work done fell 0.6% in the December quarter to $27,854.1m.

PRIVATE SECTOR

• The trend estimate for the value of work done for the private sector fell 2.8% in the December quarter.
• The seasonally adjusted estimate for the value of work done for the private sector fell 1.9% in the December quarter to $21,545.6m.

PUBLIC SECTOR

• The trend estimate for the value of work done for the public sector fell 2.3% in the December quarter.
• The seasonally adjusted estimate for the value of work done for the public sector rose 4.3% in the December quarter to $6,308.5m.

VALUE OF WORK COMMENCED, CURRENT PRICES

• The value of work commenced in the December quarter was $13,908.5m in original terms, an increase of 3.3% from the September quarter.