Australia Building Consents Climb 5.1% In September
(RTTNews) - The total number of building permits issued in Australia was up a seasonally adjusted 5.1 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at 17,948.
That beat forecasts for an increase of 1.8 percent following the upwardly revised 5.2 percent contraction in August (originally -6.1 percent).
Private sector houses fell 5.3 percent to 10,432 while private sector dwellings excluding houses rose 16.6 percent to 6,579.
The value of residential building fell 2.8 percent to A$11.06 billion, while the value of non-residential building surged 45.9 percent to A$7.96 billion.
Total building approvals were down 0.8 percent on year.
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