• Building approvals in Australia declined

Market news

4 July 2016

Building approvals in Australia declined

The trend estimate for total dwellings approved rose 0.9% in May and has risen for six months. The seasonally adjusted estimate for total dwellings approved fell 5.2% in May after rising for two months. The trend estimate for private sector houses approved rose 0.2% in May and has risen for five months. The seasonally adjusted estimate for private sector houses rose 0.1% in May following a fall of 1.8% in the previous month.

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