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Australian data - December building approvals +18.5% m/m (expected +1.0%, prior -9.0%)
Data from the Australian Bureau of Statistics:
Comment from the ABS:
- "The increase in the total number of dwellings approved in December was led by a sharp rise in approvals for private sector dwellings excluding houses (+56.6 per cent). The result was driven by a number of large apartment developments approved in New South Wales and Victoria," Mr Rossi said."Approvals for private sector houses continued to track downwards, falling by 2.3 per cent."
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Posted: Feb 2 2023, 00:42
Author Name: forexlive
Views: 102071