Australia Building Approvals Slide 2.9% In June



The total number of building approvals issued in Australia was down a seasonally adjusted 2.9 percent on month in June, the Australian Bureau of Statistics said on Tuesday - coming in at 18,693.

That was well shy of forecasts for an increase of 0.8 percent following the 5.2 percent contraction in May.

Individually, residential building approvals were down 3.4 percent on month, while non-residential approvals slid 2.4 percent.

On a yearly basis, building approvals sank 5.9 percent after sliding 9.1 percent in the previous month.

News are provided byInstaForex.