Building approvals, permits, consents ... call 'em what you like they are well and truly in a downtrend
From a high level, and plenty of residential construction work still in the pipeline
... But enough of the ifs, buts & maybes .... the data:
+1.8% m/m ... beat
- expected -0.5% m/m, prior -2.5%, revised from -1.2%
-12.0% y/y .... miss
- expected -11.6% y/y, prior -11.7%, revised from -11.4%
more to come
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ps. Trade balance data on a separate post