Measures the number of statements to build new homes per month, and is considered a leading indicator for the housing market, which indicates high remarks on the high number of residential buildings in the future and the consequent rise in consumer spending and rising economic activity.
Release date:
Longer on a monthly basis, but issued after the end of the month with 35 days.
Type Indicator:
Housing index.
Source:
Australian Bureau of Statistics
The impact of the index:
News of strong capable of moving the market immediately after its release, and if the real value of the index when it is published larger than expected so that is a positive for the currency, but if the value of the index when it is published less than expected, so that is a negative for the currency.
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