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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Building Permits MoM fell to -6.1% in August 2026
FMPMonthlyReleased October 2026
Australia Building Permits MoM fell to -6.1% in August 2026, released October 2026, down 4.2% from July's -1.9% reading. The reading matched the -6.1% consensus. The print is running well below the 12-month average of 2.63%. Over the past 3 months, Building Permits MoM averaged 0.22%, vs 0.13% in the prior 3-month window. The reading is in the 15th percentile of the trailing 24-month range.
Latest Release
-6.1
Actual
-6.1
Consensus
-1.9
Previous
Median Absolute Error
±2.25 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -5.57
Actual: -6.1
Error: +0.53
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P/ASX 200 | ▲ Direct | +0.72 | INDEX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.68 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.64 | COMMODITIES | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.39 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.27 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Building Permits MoM (Australia) was reported at -6.1% in October 2026. This matched the market consensus of -6.1% exactly. The reading fell from the previous value of -1.9%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 4.23%, ranging from -6.1% to 29.7% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged -5.27%, down from the prior three at 3.6%. Volatility over the past year (σ 12.78%) is higher than the prior year (σ 3.47%). In October readings over the past 3 years, Building Permits MoM has averaged -3.48%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P/ASX 200 (Bullish S&P). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 2.25%.
WHAT TO WATCH NEXT
The next release is scheduled for November 2, 2026. Same-country events in the next 14 days include CFTC AUD speculative net positions (Oct 30) and Interest Rate Decision (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Building Permits MoM - AU
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About Building Permits MoM — Australia
DEFINITION
Building Permits MoM (Month-over-Month) is a key financial indicator that measures the change in the number of permits issued for new construction projects on a monthly basis. This data provides valuable insights into the current and future state of the construction industry, as well as the overall health of the economy. It is closely monitored by investors, analysts, and policymakers as it can indicate trends in housing demand, consumer confidence, and economic growth. A higher number of building permits MoM is generally seen as a positive sign for the economy, while a decline may signal a slowdown in construction activity.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual -6.1 %, consensus -6.1 %. Prior reading (Aug 2026): -6.1 %. Before that (Jul 2026): -3.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P/ASX 200 (Bullish S&P, r=0.72) — a useful reference for index-focused traders.
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Economic Calendar - AU Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | AU | Import Prices QoQ | -1.1 | 5.7 | 1.3 | 0.10 | Low |
| 00:30 | AU | Export Prices QoQ | 1.4 | 1.1 | 1.3 | 1.35 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | AU | Private Sector Credit YoY | 8.4 | 8.4 | 8.2 | 8.32 | Low |
| 00:30 | AU | Housing Credit MoM | 0.4 | 0.4 | 0.4 | 0.43 | Low |
| 00:30 | AU | Private Sector Credit MoM | 0.6 | 0.6 | 0.5 | 0.57 | Low |
| 00:30 | AU | Producer Price Index QoQ | 1.1 | 1.3 | 1 | 1.27 | Medium |
| 00:30 | AU | Producer Price Index YoY | 3.6 | 3.6 | 4.5 | 4.55 | Low |