Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Australia
AUSPERMITQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.93
Year-over-Year Change
-35.28%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the number of building permits issued for new dwellings in Australia, which is a leading indicator of construction activity and economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The building permits data provides insight into the level of residential construction planned in the Australian economy. It is a key metric used by policymakers and analysts to gauge near-term trends in the construction industry and broader economic conditions.
Methodology
The data is collected and reported monthly by the Australian Bureau of Statistics.
Historical Context
Building permits are closely watched by the Reserve Bank of Australia and other institutions to assess the health of the housing market and broader economic outlook.
Key Facts
- Permits are a leading indicator of future construction activity.
- Residential construction is a key driver of economic growth in Australia.
- Building permits data is closely watched by policymakers and analysts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of building permits issued for new dwellings in Australia, which is a leading indicator of future construction activity.
Q: Why is this trend relevant for users or analysts?
A: Building permits data provides important insights into the health of the Australian housing market and broader economic conditions, making it a key metric for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The Reserve Bank of Australia and other institutions closely monitor building permits data to assess the outlook for the housing market and broader economic growth.
Q: Are there update delays or limitations?
A: The building permits data is published on a monthly basis with minimal delays, providing timely insights into construction activity.
Related Trends
External Trade: Volume of Imports of Goods and Services for Australia
AUSTMRPCPPPT
Labor Compensation: Wage Rate: All Activities: Hourly for Australia
LCWRTT01AUQ661N
Nominal Exports of Goods and Services for Australia
NXSAXDCAUQ
Nominal Gross Domestic Product for Australia
NGDPSAXDCAUQ
International Merchandise Trade Statistics: Imports: Commodities for Australia
XTIMVA01AUQ659S
Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Australia
IDSNFAMRIAOAU
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Australia (AUSPERMITQISMEI), retrieved from FRED.