Small rise in building approvals as exports bounce back

Submitted 23/02/2011

Migration for Business Growth

 

Figures released by the Australian Bureau of Statistics indicate South Australia's total building approvals increased in December, while private housing approvals decreased.

Total building approval figures for South Australia increased by a seasonally adjusted 1.1 per cent in December and nationallly the figure increased 8.7 per cent for the previous month.

Approvals for private housing in South Australia decreased 11.2 per cent from the previous month, while national figures remained steady.

International trade figures released today indicate an increase in exports for South Australia in December.

Nationally, the balance of goods and services for December was a surplus of$1.98 billion (seasonally adjusted), from a revised $2.08 billion surplus in November.

South Australian exports increased 42.5 per cent in December, while imports went against the national trend and decreased by 14 per cent.