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Australian Building Approvals 7.0% vs. 4.6% forecast

Published 09/01/2017, 00:30
Updated 09/01/2017, 00:35
Australian Building Approvals 7.0% vs. 4.6% forecast
Investing.com - Australian approvals to build new homes rose more-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 7.0%, from -11.8% in the preceding week whose figure was revised up from -12.6%.

Analysts had expected Australian Building Approvals to rise to 4.6% last week.

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