FOREX TradingCharts.com

Financial News: Australia Building Approvals Tumble 20.0% In December

Australia Building Approvals Tumble 20.0% In December

01/31/2018 - 21:15:00 (RTTNews)

(RTTNews) - The total number of building permits issued in Australia plummeted a seasonally adjusted 20.0 percent on month in December, the Australian Bureau of Statistics said on Thursday - standing at 16,891.

That missed forecasts for a decline of 7.6 percent following the upwardly revised 12.6 percent spike in November (originally 11.7 percent).

On a yearly basis, building permits sank 5.5 percent - again missing expectations for an increase of 11.5 percent following the upwardly revised 18.1 percent surge in the previous month (originally 17.1 percent).

Approvals for private sector houses gained 1.0 percent on month and 5.5 percent on year to 9,904. Approvals for private sector dwellings excluding houses plunged 39.2 percent on month and 18.4 percent on year to 6,807.

Dwelling approvals decreased in the Australian Capital Territory (35.0 percent), the Northern Territory (12.9 percent), New South Wales (5.6 percent), South Australia (2.4 percent), Western Australia (1.3 percent) and Queensland (0.8 percent), but increased in Tasmania (3.1 percent) and Victoria (2.5 percent). The value of total building approved fell 17.8 percent in December. The value of residential building plummeted 25.4 percent and the value of non-residential building dipped 3.4 percent.

Also on Thursday: . The ABS said that export prices in Australia were up 2.8 percent on quarter in the fourth quarter of 2017. That beat forecasts for an increase of 2.0 percent following the 3.0 percent decline in the three months prior.

The rise was driven by higher prices received for coal, coke and briquettes (+9.0 percent), petroleum, petroleum products and related materials (+19.7 percent), non-ferrous metals (+9.8 percent), cereals and cereal preparations (+7.3 percent) and gold, non-monetary (+2.5 percent).

Import prices advanced 2.0 percent on quarter versus expectations for a gain of 1.5 percent following the 1.6 percent decline in Q3.

The rise was driven by higher prices paid for petroleum, petroleum products and related materials (+14.0 percent), fertilizers (excluding crude) (+23.1 percent), inorganic chemicals (+13.1 percent) and organic chemicals (+10.0 percent).

On a yearly basis, export prices were up 2.4 percent and import prices added 1.4 percent.

. The manufacturing sector in Australia continued to expand in January, and at a faster rate, the latest survey from the Australian Industry Group showed with a Performance of Manufacturing Index score of 58.7.

That's up from 56.2 in December, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

It also marks the 16th straight month of expansion, which is the longest winning streak in 13 years.

All seven sub-indexes expanded, including production, deliveries, new orders, stocks, sales, employment and exports.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Inflation Slows For Second Month (15 hr(s), 54 min(s), 58 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (16 hr(s), 06 min(s), 58 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (16 hr(s), 07 min(s), 58 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (16 hr(s), 36 min(s), 58 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (18 hr(s), 11 min(s), 58 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (18 hr(s), 58 min(s), 58 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (19 hr(s), 09 min(s), 58 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (19 hr(s), 58 min(s), 58 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.