Australia's building approvals climbed more than expected in May, data from the Australian Bureau of Statistics showed Tuesday.
Dwelling permits in May rose 27.3 percent on a month-on-month seasonally adjusted basis. This followed a 7.6 percent decline in the previous month.
Economists expected a 5 percent increase in approvals in May.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.