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8731.0 - Building Approvals, Australia, May 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/07/2010   
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WHAT IF...? REVISIONS TO TREND ESTIMATES


EFFECT OF NEW SEASONALLY ADJUSTED ESTIMATES ON TREND ESTIMATES


TREND REVISIONS

Recent seasonally adjusted and trend estimates are likely to be revised when original estimates for subsequent months become available. The approximate effect of possible scenarios on trend estimates are presented below. Generally, the greater the volatility of the original series, the larger the size of the revisions to trend estimates. Analysis of the building approval original series has shown that they can be revised substantially. As a result, some months can elapse before turning points in the trend series are reliably identified.

The graphs and tables which follow present the effect of two possible scenarios on the previous trend estimates: that the June seasonally adjusted estimate is higher than the May estimate by 3.2% for the number of private sector houses approved and 14% for private sector other dwelling units approved; and that the June seasonally adjusted estimate is lower than the May estimate by 3.2% for the number of private sector houses approved and 14% for private sector other dwelling units approved. These percentages represent the average absolute monthly percentage change for these series over the last ten years.

PRIVATE SECTOR HOUSES APPROVED

Graph: Private sector houses approved


WHAT IF NEXT MONTH‘S SEASONALLY ADJUSTED ESTIMATE:
Trend as published
(1) rises by 3.2% on May 2010
(2) falls by 3.2% on May 2010
no.
% change
no.
% change
no.
% change

2009
December
9 707
0.4
9 714
0.4
9 724
0.6
2010
January
9 642
-0.7
9 650
-0.7
9 669
-0.6
February
9 507
-1.4
9 509
-1.5
9 518
-1.6
March
9 338
-1.8
9 339
-1.8
9 314
-2.1
April
9 152
-2.0
9 176
-1.8
9 092
-2.4
May
8 994
-1.7
9 035
-1.5
8 877
-2.4



PRIVATE SECTOR OTHER DWELLINGS APPROVED

Graph: Private other dwelling units approved


WHAT IF NEXT MONTH'S SEASONALLY ADJUSTED ESTIMATE:
Trend as published
(1) rises by 14% on May 2010
(2) falls by 14% on May 2010
no.
% change
no.
% change
no.
% change

2009
December
3 571
4.0
3 573
4.1
3 593
4.6
2010
January
3 699
3.6
3 701
3.6
3 736
4.0
February
3 809
3.0
3 810
2.9
3 827
2.4
March
3 904
2.5
3 907
2.5
3 861
0.9
April
3 987
2.1
3 988
2.1
3 837
-0.6
May
3 997
0.3
4 044
1.4
3 759
-2.0




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