Financial News: Australia Building Approvals Tumble 27.6% In January

Australia Building Approvals Tumble 27.6% In January

03/01/2023 - 19:50:00 (RTTNews)

(RTTNews) - The total number of buildings approved in Australia was down a seasonally adjusted 27.6 percent on month in January, the Australian Bureau of Statistics said on Thursday - coming in at 12,065.

That was well shy of expectations for a drop of 8.0 percent following the downwardly revised 15.3 percent spike in December (originally 18.5 percent).

Permits for private sector houses fell 13.8 percent on month to 7,560, while permits for private sector dwellings excluding houses plummeted 40.8 percent to 4,340.

On a yearly basis, permits for overall buildings shed 8.4 percent, while permits for houses sank 12.0 percent and permits for other than houses eased 0.3 percent.

The seasonally adjusted estimate for the value of total building approved fell 18.6 percent in January, following a 1.0 percent rise in December.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

China Industrial Profits Fall Sharply (01 hr(s), 25 min(s), 36 sec(s) ago)
(RTTNews) - The decline in China's industrial profits deepened in the first two months of 2023 ...Full Story»

Japan Leading Index Falls Less Than Estimated (01 hr(s), 33 min(s), 36 sec(s) ago)
(RTTNews) - Japan's leading index decreased slightly less than initially estimated in January, ...Full Story»

European Economic News Preview: Germany Ifo Business Confidence Data Due (02 hr(s), 08 min(s), 36 sec(s) ago)
(RTTNews) - Business confidence from Germany and monetary aggregates from the euro area are the to ...Full Story»

Japan Producer Prices Climb 1.8% On Year In February (13 min(s), 24 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 1.8 percent on year in February, the Bank of Japan sa ...Full Story»

Japan Producer Price Data Due On Monday (56 min(s), 24 sec(s) ago)
(RTTNews) - Japan will on Monday release February figures for producer prices, highlighting a ligh ...Full Story»

Denmark Economic Sentiment Rises Further (41 min(s), 24 sec(s) ago)
(RTTNews) - Denmark's economic sentiment rose for a third month in a row in March, figures fro ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive (13 min(s), 24 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Spain Q4 GDP Growth Unrevised At 0.2% (08 min(s), 24 sec(s) ago)
(RTTNews) - Spain's economy expanded at a stable pace as initially estimated in the final quar ...Full Story»