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Financial News: Australia Building Approvals Climb 0.9% In October

Australia Building Approvals Climb 0.9% In October

11/29/2017 - 21:43:00 (RTTNews)

(RTTNews) - The total number of building approvals issued in Australia was up a seasonally adjusted 0.9 percent on month in October, the Australian Bureau of Statistics said on Thursday - coming in at 19,074.

That beat forecasts for a decline of 1.0 percent following the downwardly revised 0.6 percent monthly increase (originally 1.5 percent).

On a yearly basis, approvals surged 18.4 percent - again exceeding expectations for 14.1 percent after adding 0.2 percent in the previous month.

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