Australian Building approvals in April
- expected -3.0%, prior was +2.9%, revised from +3.7%
- expected -6.7%, prior was -5.4%, revised higher from -6.5%
From the ABS:
Big jump m/m in approvals for multi-unit dwellings ('Private sector dwellings excluding houses') in both sa and trend figures. Still a big, big pipeline of construction work coming.
From across the Ditch earlier: NZ building permits (April): +6.6% m/m (prior -9.8%)
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