Australian January building approvals collaped

  • January down 27.9% m/m vs down 3% expected. January was +8.2%

Building approvals data can be 'lumpy' month to month. Multi-unit permits can vary substantially.

  • -27.9% m/m
  • -24.1% y/y

As part of the data release is the figure for private sector house approvals, down 17.5% m/m (units down 43.6%)

Expected and priors are here:

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