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Financial News: Australia Building Approvals Gain 0.4% In August

Australia Building Approvals Gain 0.4% In August

10/02/2017 - 20:51:00 (RTTNews)

(RTTNews) - The total number of building permits issued in Australia was up a seasonally adjusted 0.4 percent on month in August, the Australian Bureau of Statistics said on Tuesday - coming in at 18,514.

That was shy of expectations for a gain of 1.0 percent following the 1.7 percent decline in July.

On a yearly basis, building approvals tumbled 15.5 percent - but that still beat forecasts for a decline of 17.2 percent following the 12.6 percent contraction in the previous month.

The value of total building work approved fell 5.0 percent.

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