Investing.com – The number of new building approvals issued in Australia rose significantly more-than-expected in December, official data showed on Thursday.
In a report, the Australian Bureau of Statistics said new building approvals issued rose by a seasonally adjusted 8.7% in December, after falling by 3.9% in November, whose figure was revised from a decline of 4.2%.
Analysts had expected new building approvals issued to rise by 1.3% in December.
The data showed that year-on-year, new building approvals issued in Australia fell less-than-expected, dropping by 5.0% in December, after falling by 9.1% in November. Analysts had expected year-on-year new building approvals to fall by 13.7% in December.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.01% to hit 1.0100.
In a report, the Australian Bureau of Statistics said new building approvals issued rose by a seasonally adjusted 8.7% in December, after falling by 3.9% in November, whose figure was revised from a decline of 4.2%.
Analysts had expected new building approvals issued to rise by 1.3% in December.
The data showed that year-on-year, new building approvals issued in Australia fell less-than-expected, dropping by 5.0% in December, after falling by 9.1% in November. Analysts had expected year-on-year new building approvals to fall by 13.7% in December.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.01% to hit 1.0100.