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Australian home-building permits unexpectedly fell in December

Posted on 04 February 2013

Australian home-building approvals unexpectedly declined for the second time in three months in December as weakness outside the resources industry hurts housing. The nation’s currency dropped.
The number of permits granted to build or renovate houses and apartments declined 4.4 percent from November, when they rose a revised 3.4 percent, the Bureau of Statistics said in Sydney today. The result compares with the median forecast for a 1 percent gain in a Bloomberg survey of 22 economists……………………………………..Full Article: Source


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