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Australia - Building approvals for April: +3.0% m/m (expected -3.0%)

Australian Building approvals in April

+3.0% m/m,

  • expected -3.0%, prior was +2.9%, revised from +3.7%

+0.7% y/y,

  • expected -6.7%, prior was -5.4%, revised higher from -6.5%

From the ABS:

And, Net exports as +1.10% of GDP:

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.

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From across the Ditch earlier: NZ building permits (April): +6.6% m/m (prior -9.8%)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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