Turf QLD Industry Alert |ABS Building Approvals, Australia, Jan 2018

ABS Building Approvals, Australia, Jan 2018

JANUARY 2018 KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 0.1% in January after falling for three months.
• The seasonally adjusted estimate for total dwellings approved rose 17.1% in January.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 0.1% in January and has fallen for four months.
• The seasonally adjusted estimate for private sector houses fell 1.1% in January.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses rose 0.4% in January after falling for two months.
• The seasonally adjusted estimate for private sector dwellings excluding houses rose 42.2% in January.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 1.4% in January and has fallen for four months. The value of residential building rose 0.5% and has risen for 13 months. The value of non-residential building fell 4.7% and has fallen for five months.
• The seasonally adjusted estimate of the value of total building approved rose 2.7% in January. The value of residential building rose 18.3%, while the value of non-residential building fell 20.7%.

ABS Engineering Construction Activity, Australia, Dec 2017

DECEMBER 2017 KEY POINTS

VALUE OF WORK DONE, CHAIN VOLUME MEASURES

TOTAL

• The trend estimate for the value of total engineering construction work done rose 1.9% in the December 2017 quarter.
• The seasonally adjusted estimate for the value of total engineering construction work done fell 35.1% in the December quarter to $22,272.5m.

PRIVATE SECTOR

• The trend estimate for the value of work done for the private sector rose 1.9% in the December quarter.
• The seasonally adjusted estimate for the value of work done for the private sector fell 46.6% in the December quarter to $13,533.1m.

PUBLIC SECTOR

• The trend estimate for the value of work done for the public sector rose 1.7% in the December quarter.
• The seasonally adjusted estimate for the value of work done for the public sector fell 2.6% in the December quarter to $8,739.4m.

VALUE OF WORK COMMENCED, CURRENT PRICES

• The value of work commenced in the December quarter was $15,273.3m in original terms, a decrease of 40.3% from the September quarter.