ANZ analysts note that Australia’s building approvals were down in June for the third time in four months with unit approvals pulling down the m/m result to be down 39.3% y/y, while house approvals ticked up slightly during the month. Key Quotes “After signs of stabilisation in May, Australian residential building approvals fell by 1.2% m/m in June. Private sector unit approvals were down 6.5% m/m, to be down 39.9% y/y. This is the third lowest annual result in the last two years.” “Private sector house approvals were up 0.4% m/m after a flat May, and are now down 14.8% y/y. The small rise in house approvals in June was not enough to offset the substantial decline in unit approvals.” “Non-residential approvals bounced in June, more than recovering from the fall in May of -6.8% m/m. Trend growth in non-residential approvals is filling some of the gap left by the weaker housing sector.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Partial agreements expected in China-US trade talks despite major differences – Global Times FX Street 4 years ANZ analysts note that Australia's building approvals were down in June for the third time in four months with unit approvals pulling down the m/m result to be down 39.3% y/y, while house approvals ticked up slightly during the month. Key Quotes "After signs of stabilisation in May, Australian residential building approvals fell by 1.2% m/m in June. Private sector unit approvals were down 6.5% m/m, to be down 39.9% y/y. This is the third lowest annual result in the last two years." "Private sector house approvals were up 0.4% m/m after a flat May, and are now down 14.8%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
