Plus   Neg

Australia Building Approvals Rise More Than Expected In July

The number of building approvals in Australia increased at a faster-than-expected rate in July, data from the Australian Bureau of Statistics showed Tuesday.

Total building approvals rose 9.4 percent year-over-year in July, more than the 7.8 percent growth expected by economics.

Private sector houses approvals climbed 14 percent and approvals for private sector dwelling excluding houses rose 6.3 percent.

On a month-over-month basis, building approvals increased 2.5 percent following the 3.8 percent drop in June. This was more than the 1.9 percent consensus estimate.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Bank of America Corp. (BAC) reported net income of $5.8 billion, or $0.56 per share, for the third quarter of fiscal 2019. The company's third-quarter results included Merchant Services Joint Venture impairment Charge of $2.1 billion or $0.19 per share. Excluding the impairment charge, net income was... The Libra Association, formed by major financial partners of Facebook's Libra cryptocurrency project, formalized the association at the inaugural Libra Council meeting of the members at its headquarters in Geneva, Switzerland. The current 21 member organizations formally signed onto the Libra Association charter, elected the Board of Directors, and appointed the executive team. Department store chain Kohl's Corp. has unveiled its Kohl's Cares holiday collection that includes the Disney Frozen 2 and Holiday Character bundles. The company's philanthropic program, Kohl's Cares, sells children's books as well as toys and donates the entire profit to charitable initiatives nationwide.
Follow RTT