Building approvals for July

For the m/m, +2.5%

  • expected +1.9%, prior was -5.0%

For the y/y, +9.4%

  • expected +7.8%, prior was +16.0%

A better than expected result

More:

  • Private sector housing approvals +1.4% m/m (and +14% y/y)

From the Australian Bureau of Statistics:

abs building approvals 02 September 2014