The total number of building approvals in Australia was down a seasonally adjusted 4.4 percent on month in December, the Australian Bureau of Statistics said on Monday, standing at 12,767.
That was well shy of forecasts for a 1.0 percent increase following the upwardly revised 3.4 percent increase in November (originally reported as 2.9 percent).
On a yearly basis, building approvals were up 9.3 percent - also missing forecasts for an increase of 14.9 percent after climbing 13.2 percent in the previous month.
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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.