Economic Buzz: Australia Building Approvals Rise 9.9% In May

4 Jul 2022 , 12:35 PM

The total number of building permits issued in Australia was up a seasonally adjusted 9.9 percent in May, the Australian Bureau of Statistics reported – coming in at 16,390. Permits for private sector houses fell 2.7 percent on month to 9.687, while permits for private sector dwellings excluding houses surged 32.0 percent to 6,376. On a yearly basis, permits for private sector houses tumbled 29.5 percent, permits for private sector buildings excluding houses shed 5.4 percent and overall permits dropped 20.9 percent.Powered by Commodity Insights