Australia building approvals recovered in September, data from the Australian Bureau of Statistics showed on Monday.
Building approvals increased 12 percent month-on-month in September after a 3.6 percent fall in August.
Approvals for private sector houses rose 4.0 percent. Meanwhile, approvals for private sector dwellings excluding houses surged 26.0 percent.
On a yearly basis, building approvals logged an increase of 15.3 percent in September. While approvals for private sector houses remained flat, that for private sector dwellings excluding houses jumped 55.2 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.