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Australian Building Approvals 6.8% vs. 2.0% forecast

Published 03/03/2014, 07:30 PM
Updated 03/03/2014, 07:35 PM
Investing.com - Australian approvals to build new homes rose more-than-expected last week, official data showed on Tuesday.

In a report, Australian Bureau of Statistics said that Australian Building Approvals rose to a seasonally adjusted 6.8%, from -1.3% in the preceding week whose figure was revised up from -2.9%.

Analysts had expected Australian Building Approvals to rise to 2.0% last week.

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