The total number of building permits issued in Australia was down a seasonally adjusted 20.0 percent on month in December, the Australian Bureau of Statistics said on Thursday – coming in at 16,891.
That missed forecasts for a decline of 7.6 percent following the upwardly revised 12.6 percent spike in November (originally 11.7 percent).
On a yearly basis, building permits sank 5.5 percent – again missing expectations for an increase of 11.5 percent following the upwardly revised 18.1 percent surge in the previous month (originally 17.1 percent).
The material has been provided by InstaForex Company – www.instaforex.com
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