The typical/expected impact on AUD pairs is medium.
The consensus forecast for Building Permits (MoM) is 5.5%. A higher value than forecast tends to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.
Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.
The most recent announced value for Building Permits (MoM) was -6% against a forecast of -5.5%.
Recent economic data has been strongly bullish for AUD. Other recent announcements which may affect the market's interpretation of the next Building Permits (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Producer Price Index (YoY) | Bullish change | 3.4% | 3.5% | ||
| Consumer Price Index (QoQ) | Bullish change | 0.7% | 1.3% | ||
| Consumer Price Index (YoY) | Bullish change | 2.1% | 3.2% | ||
| RBA Trimmed Mean CPI (QoQ) | Bullish change | 0.7% | 1% | ||
| RBA Trimmed Mean CPI (YoY) | Bullish change | 2.7% | 3% |
| Country: | Australia |
|---|---|
| Currency: | AUD |
| Source: | Australian Bureau of Statistics |
| Category: | Housing Market |
| Frequency: | Monthly |
| New Zealand | Building Permits s.a. (MoM) | ||
| United States | Pending Home Sales (MoM) | ||
| United States | Existing Home Sales Change (MoM) | ||
| United States | New Home Sales Change (MoM) | ||
| United States | Housing Starts (MoM) | ||
| United States | Building Permits (MoM) |