Building permits in Australia drop 7.5% in January

Noticias del mercado

1 marzo 2016

Building permits in Australia drop 7.5% in January

The Australian Bureau of Statistics released its building permits data on Tuesday. Building permits in Australia dropped 7.5% in January, missing expectations for a 2.0% fall, after a 8.6% rise in December. December's figure was revised down from a 9.2% increase.

Building permits for private sector houses slid 6.0% in January, while building permits for private sector dwellings excluding houses plunged 10.8%.

The seasonally adjusted estimate of the value of total building approved was down 1.8% in January.

On a yearly basis, building permits fell 15.5% in January, after a 2.5% decrease in December.

Australian Industry Group’s services purchasing managers’ index for Australia rises to 53.5 in February, the highest level since July 2010

Construction spending in the U.S. is up 1.5% in January

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