Building Approvals

/Building Approvals

august, 2019

30aug1:30 am1:30 amBuilding ApprovalsIMPACT: AUDUSD & AUD CROSSES1:30 am - 1:30 am UTC Event Type :Medium ImpactTill the Data is Released!

Event Details

What is this event?

It’s an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building.

Measures

Change in the number of new building approvals issued.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, about 30 days after the month ends.

Source of Data

Australian Bureau of Statistics (latest release)

Time

(Friday) 1:30 am - 1:30 am

Australia - Flag - Economic Data

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