Australia Building permit approvals for May: -3.2% m/m(expected 0.0% m/m) - ConsultFX

Australia Building permit approvals for May: -3.2% m/m(expected 0.0% m/m)

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.