Australia Building Permits Surge 11.3% In July



The total number of building permits issued in Australia was up a seasonally adjusted 11.3 percent on month in July, the Australian Bureau of Statistics said on Tuesday - coming in at 20,987.

That beat forecasts for an increase of 1.1 percent following the 2.9 percent contraction in June.

On a yearly basis, building approvals climbed 3.1 percent versus expectations for a decline of 8.3 percent after slipping 5.9 percent in the previous month.

News are provided byInstaForex.