Australian October building permits -6.0% m/m (expected -1.8%)

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By Eamonn Sheridan
30/11/2022 | 00:35 GMT

Australian October building approvals data, a big miss.

As earlier with the NZ data for the same info:'

  • NZ data - October building permits -10.7% m/m (prior +3.6%)

Higher interest rates and building costs in combination with falling house prices is discouraging new build activity.

Australia permits 30 November 2022

The data point of interest from Australia today was the:

Australian monthly CPI cools a little - AUD/USD little changed

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