Economic Buzz: Building Approvals Drop 18.5% In Australia

12 May 2022 , 10:53 AM

The total number of building permits issued in Australia was down a seasonally adjusted 18.5 percent on month in March, coming in at 15,183, according to the Australian Bureau of Statistics. On a yearly basis, permits were down 35.6 percent. Permits for private sector houses shed 3.0 percent on month and 32.2 percent on year to 9,932, while permits issued for dwellings excluding houses tumbled 29.9 percent on month and 41.0 on year to 5,004. Powered by Commodity Insights