Industry Report - Building and construction
Sensis® Business IndexBuilding and construction
The building and construction sector recorded a 26 percentage point drop in SME confidence in the November 2012 Sensis® Business Index, with confidence sitting at -7%. Confidence amongst SMEs in the building and construction sector was below the national average of 19%. Key issues contributing to the drop in confidence in the building and construction sector this quarter included business being slow at the moment, and the sector being a difficult sector to operate in at the moment.
Industry gross value addedConstruction
Industry gross value added in construction rose 0.1% seasonally adjusted in the September 2012 quarter, down from 1.3% growth in the June quarter. By comparison, Australia’s gross value added rose by 0.3% for the September quarter, with Australia’s GDP rising by 0.5% overall for the quarter, seasonally adjusted.
Building approvalsNovember 2012
Building approvals for dwelling units in November 2012 rose 2.9% seasonally adjusted, following a fall of 5.1% in October. Overall building approvals were up 13.2% in November, compared to November last year. Total private sector building approvals rose 3.9% seasonally adjusted in November 2012. While there was a fall of 0.3% in the number of approvals for private sector houses, this was balanced by a larger 10.1% drop in the number of approvals for private sector other dwellings, which have been volatile in recent months, but overall are up 36.3% compared to the same time last year.
Sensis does not warrant the accuracy of data supplied by third parties. 1. Sensis® Business Index Sweeney Research, November 2012. 2. Australian Bureau of Statistics Catalogue 5206.0, September 2012. 3. Australian Bureau of Statistics Catalogue 8501.0, November 2012. ® & ™ Registered trade mark and trade mark of Telstra Corporation Limited (ABN 33 051 775 556). Sensis Pty Ltd (ABN 30 007 423 912) has responsibility for production of Yellow Pages® and White Pages® directories and related products on behalf of Telstra Corporation Limited. © Telstra Corporation Limited 2013.