The total number of building approvals issued in Australia climbed a seasonally adjusted 16.0 percent on year in June, the Australian Bureau of Statistics said on Thursday - standing at 15,659.
That was shy of forecasts for an increase of 23.3 percent following the upwardly revised 15.2 jump in May (originally 14.3 percent).
On a monthly basis, building approvals tumbled 5.0 percent - also missing expectations for a flat reading following the upwardly revised 10.3 percent gain in the previous month (originally 9.9 percent).
The seasonally adjusted estimate of the value of total building approved rose 3.7 percent in June and has risen for two months.
The value of residential building fell 3.7 percent following a rise of 14.7 percent. The value of non-residential building rose 17.9 percent and has risen for two months.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.