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Building permits in Australia climbs in May 2018

In comparison with the previous month building permits climbed by 8.82%, according to new statistics published by Australian National Statistical Office. The indicator grew by 1 530, contrarily to the prior month when it decreased by 11.99 percent. When looking at 2017, it can be diagnosed that the variable was rising by 11.15% and attained 18 471 in May. This shows a 2.17 percent fluctuation between May 2017 and May of the year after. Australia saw an increase of 80.1% in building permits during the last 35 years. Furthermore, the building permits is now above average of 13 875.55 with a modest overall growth since the start of observations. It hit its all-time high of 23 050 in November 2017 and record low of 7 431 in January 2009.

Building permits in Australia climbs in May 2018
Date Number Variation
May. 2018 18 871.00 8.82
Apr. 2018 17 341.00 -11.99
Mar. 2018 19 703.00 10.42
Feb. 2018 17 844.00 8.04
Jan. 2018 16 516.00 2.75
Dec. 2017 16 074.00 -30.26
Nov. 2017 23 050.00 14.51
Oct. 2017 20 129.00 -0.91
Sep. 2017 20 313.00 2.36
Aug. 2017 19 845.00 0.34

Related Statistics

Building Permits in other Countries

Main Construction Indicators

  • Building Permits

    Number of issued building permits, it is an indicator of the construction sector's growth. A building permit is an authorisation to start work on a building project. As such, a permit is the final stage of planning and building authorisations from public authorities, prior to the start of work. Based on: Eurostat.

  • Construction Completions

    Number of new privately owned housing units completed. Is is an indicator of construction work actually completed within a given period of time or at a particular point in time. Based on: Organisation for Economic Co-operation and Development.

  • Construction GDP

    Value of output of the construction industry less the value of intermediate consumption (intermediate inputs) used in this industry. It can be expressed in millions or billions of national currency, or in percentage of GDP. Based on: Organisation for Economic Co-operation and Development.

  • Construction Output

    Measure of the production in the construction industry.

  • Construction Spending

    Value of total spending in the construction industry, usually expressed in millions billions of national currency. It includes the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction and contractor's profts. Based on: US Census Bureau.

  • Construction Starts

    Number of new buildings on which construction has been started in a given period. Start of a construction occurs when excavation begins for the footings or foundation of a building. Based on: U.S. Census Bureau.

  • Buildings Under Construction

    Number of buildings in a state of construction (up until they receive their certificate of occupancy), at a given date in a country.

  • Building Materials Import

  • Building Materials Export