- Analytics
- News and Tools
- Market News
- Australia building approvals contract unexpectedly in June
Australia building approvals contract unexpectedly in June
The number of dwelling units approved in Australia in June declined unexpectedly, the latest figures from the Australian Bureau of Statistics showed Tuesday.
Building approvals fell a seasonally adjusted 6.9 percent month-on-month in June compared with forecast of a 2 percent increase. The number of approvals declined 4.3 percent in May.
On an annual basis, building consents contracted 13 percent. The number of approvals totaled 12,778 during the month.
As many as 7,926 private sector houses were approved during the month. This was 1.2 percent less than a month earlier and represented the first monthly decline in six months. Year-on-year, number of private sector houses approved rose 9.9 percent.
Approvals for private sector dwellings, excluding houses, declined 12.6 percent month-on-month to 4,543. This was 37.4 percent lower than a year earlier.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
