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Australian Building Approvals 7.9% vs. -1.8% forecast

Published 03/02/2015, 07:30 PM
Updated 03/02/2015, 07:35 PM
Australian Building Approvals 7.9% vs. -1.8% forecast
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 7.9%, from -2.8% in the preceding week whose figure was revised up from -3.3%.

Analysts had expected Australian Building Approvals to rise to -1.8% last week.

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