FX.co ★ Australian Building Approvals Rebound Sharply in February, Surging 29.7% MoM

Australia’s building approvals staged a powerful rebound in February 2026, jumping 29.7% month-over-month, according to data updated on 1 April 2026. The surge follows a sharp 7.2% decline in January 2026, highlighting a marked turnaround in construction intentions at the start of the year.

On a month-over-month basis, February’s “actual” reading reflects a strong recovery in new approvals compared with January, when activity had contracted notably relative to December. The previous indicator showed a 7.2% drop in January versus the month before, underscoring how pronounced February’s upswing has been.

The latest figures suggest renewed momentum in Australia’s construction pipeline after a weak start to 2026. While the data capture only one month’s shift, the sharp swing from negative to strongly positive territory will be closely watched as a potential signal for broader trends in housing and commercial development over the coming months.