Investing.com – The number of new building approvals issued in Australia fell more-than-expected in November, official data showed on Thursday.
In a report, the Australian Bureau of Statistics said new building approvals issued fell by a seasonally adjusted 4.2% in November, after jumping by 8.3% in October, whose figure was revised down from 9.3%.
Analysts had expected new building approvals issued to fall by 3.5% in November.
The data showed that year-on-year, new building approvals issued in Australia declined more-than-expected, falling by 9.9% in November, compared to an increase of 3.5% in October. Analysts had expected year-on-year new building approvals to fall by 9.8% in November.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.16% to hit 0.9980.
In a report, the Australian Bureau of Statistics said new building approvals issued fell by a seasonally adjusted 4.2% in November, after jumping by 8.3% in October, whose figure was revised down from 9.3%.
Analysts had expected new building approvals issued to fall by 3.5% in November.
The data showed that year-on-year, new building approvals issued in Australia declined more-than-expected, falling by 9.9% in November, compared to an increase of 3.5% in October. Analysts had expected year-on-year new building approvals to fall by 9.8% in November.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.16% to hit 0.9980.