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Australian Building Approvals -3.5% vs. 1.0% forecast

Published 05/05/2014, 02:30
Updated 05/05/2014, 02:35
Investing.com - Australian approvals to build new homes rose less-than-expected last week, official data showed on Monday.

In a report, Australian Bureau of Statistics said that Australian Building Approvals rose to a seasonally adjusted -3.5%, from -5.4% in the prior week whose figure was revised down from -5.0%.

Analysts had expected Australian Building Approvals to rise to 1.0% last week.

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