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This morning we saw the release of the ABS original regional building approvals data for June. As always, we need to consider this volatile series in light of the Conus Trend to make much sense of it. In the SA4 regions of Cairns and Townsville there was little to get …read more
Today’s ABS data on residential building approvals in June confirms the slow turnaround in the sector in Queensland. For the 6th consecutive month we see Trend approvals up for the month and the year-on-year decline now at its slowest rate since Sept 2016. On the Trend basis total approvals in …read more
The ABS released their regional (unadjusted) building approvals data this morning for May; we have constructed our own Conus Trend data and they show some improvement across the North. When we consider the data at the SA4 level we see that the Conus Trend has Cairns approvals up to 86 …read more
The ABS data for Building Approvals for May came in significantly weaker than had been expected with a fall of 5.6% m/m seasonally adjusted for a 19.7% decline on the year. The more stable (less interesting, and therefore less commented upon…but more reliable as an indicator) Trend series had approvals …read more
Today sees the release of the April regional Building Approvals data from the ABS. As always we focus on the Conus Trend data series rather than the highly volatile original series as presented by the ABS. Looking at the SA4 level first, we see Cairns approvals stable at a Trend …read more
Data from the ABS for residential building approvals in April shows the highly volatile units sector helping to push the total higher as house approvals barely move. Total (seasonally adjusted) approvals were up 4.4% m/m for a 17.2% decline on the year. House approvals rose by just 0.8% m/m while …read more
Today saw the release of the March regional building approvals data from the ABS at both SA4 and LGA level. Following the (very) modest improvement in the Trend data at a state level last week (see here for details) we have seen a similar story emerge in the Far North. …read more
Today’s building approvals data for March have come in well below market expectations, although the Trends at both state and national level were positive for the month; the first time they’ve both been positive since early 2016.. March’s approvals across the nation fell by 13.4% for the month (expected down 3.9%) …read more
We’ve only now had time to crunch the numbers for the February regional building approvals data (released while we were on holiday a few weeks ago), but it doesn’t provide any joy for the North. Considering the SA4 regional data first, the Conus Trend series for Cairns shows a slight …read more
The ABS Building Approvals data for February shows a sharp improvement at both a state and national level with unit approvals being the main leader of the improvement. Seasonally adjusted data for Australia shows approvals up 8.3% m/m for a decline of 4.9% y/y (after some upward revisions to previous …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series