Building approvals for June

-8.2 % m/m

  • expected -1.0%, prior was +2.3%, revised from +2.4%

+8.6 % y/y

  • expected 19.5%, prior was +18.3%, revised from 17.6%

Both in under expectations ... this is avolatile data series, but nevertheless .... not as good as was expected

Via Australian Bureau of Statistics ...

JUNE KEY POINTS
TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved fell 1.2% in June and has fallen for four months.
  • The seasonally adjusted estimate for total dwellings approved fell 8.2% in June following a rise of 2.3% in the previous month.