11.05.202601:30:00UTC+00Australian Building Approvals Stall, Holding at Steep 10.5% Monthly Decline

Australia’s building approvals remained deeply negative in March 2026, with the indicator showing no change from the previous reading at a decline of 10.5% month-over-month. According to the latest data updated on 11 May 2026, the March figure is identical to the prior month’s performance, which had also registered a 10.5% drop compared with the month before.

The unchanged rate suggests that the construction sector is still under pressure, with no visible easing in the pace of decline from one month to the next. On a month-over-month basis, both the current “Actual” reading for March and the “Previous” reading (also for March, compared with the earlier month) reflect the same sharp fall, underscoring a persistently weak environment for new building activity. Investors and policymakers will be watching upcoming data closely for signs of stabilization or further deterioration in construction-related demand.