Australia - Building permits data for December: -20% m/m (vs. expected -7.6%)

Building approvals for December

-20% m/m ... I noted in the earlier heads up posts that this is a volatile date set ... but wow .... this is an ugly result

• expected -7.6%
• prior +12.6%, revised up from +11.7%

-5.5% y/y

• expected +11.5%
• prior +18.1, revised up from +17.1%

Join the conversation in our new Telegram group