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Australia data - Building approvals (November): -12.7% m/m (expected -3.0%)

Discussion in 'Market News' started by ForexLive, Jan 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Building approvals for November 2015 -12.7 % m/m - expected -3.0%, prior was +3.9% -8.4 % y/y - expected 3.9%, prior was +12.3% That is a very poor result and does not augur well for the Australian economy going forward. yes, its just one month, but it adds to the softening data we've seen from this and other data series.

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