Australia
Building approvals for May
-3.2% m/m … miss
- expected 0.0% m/m, prior -5.0%
+3.1% y/y … miss
- expected +9.9% y/y, prior +1.9%
This is a volatile data series (it can be expecially influenced by 'lumpy' multi-unit dwelling approvals), living up to that reputation today coming in well, well, below median estimated.