Australian June 2025 building permits +11.9% m/m (expected +2.0%)

Australian June 2025 building permits +11.9% m/m

• expected +2.0%, prior +3.2%

+27.4% y/y

• prior +6.5%

The highest monthly result since August 2022. Strong rise in multi-unit (apartments).

The main focus is on the retail sales data:

• Australia Retail Sales for June 2025: +1.2% m/m (expected +0.4%)

Earlier re Australia:

• RBA Dep Gov Hauser: Says the CPI data were very welcome