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Australian Building Approvals -12.6% vs. 1.5% forecast

Published 30/11/2016, 11:30 am
Australian Building Approvals -12.6% vs. 1.5% forecast
Investing.com - Australian approvals to build new homes fell unexpectedly last week, official data showed on Wednesday.

In a report, Australian Bureau of Statistics said that Australian Building Approvals fell to a seasonally adjusted -12.6%, from -9.3% in the preceding week whose figure was revised down from -8.7%.

Analysts had expected Australian Building Approvals to rise to 1.5% last week.

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