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Hide News  Economic Buzz: Australia Building Approvals Witness Smart Recovery
Aug 30, 2016  16:42

The total number of building permits issued in Australia surged a seasonally adjusted 11.3% on month in July, the Australian Bureau of Statistics said on Tuesday - coming in at 20,987. On a yearly basis, building approvals rose 3.1% after slipping 5.9% in the previous month. Approvals for private sector houses fell 0.5 percent to 9,342 houses. Approvals for the private sector excluding houses spiked 23% to 11,393 dwellings.

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