Plus   Neg

Australia Building Approvals Tumble 8.4% On Month In December

The total number of building approvals issued in Australia was down a seasonally adjusted 8.4 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at 13,995.

That missed forecast for an increase of 2.0 percent following the 9.1 percent decline in November.

On a yearly basis, building approvals tumbled 22.5 percent - again missing expectations for a fall of 10.9 percent following the 32.8 percent plummet in the previous month.

Private sector houses were down 2.2 percent on month and 11.3 percent on year at 9,134, while private sector dwellings excluding houses plunged 18.8 percent on month and 38.0 percent on year to 4,712.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT