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ECONOMISTS TIP FALL IN AUSTRALIAN BUILDING APPROVALS.
(From Asia Pulse)
SYDNEY, Feb 3 Asia Pulse - Australian building approvals likely fell for a second consecutive month in December as the housing market came off the boil, according to economists.
The December building approvals report will be released by the Australian Bureau of Statistics today and most economists expect a small decline.
Forecasts from economists surveyed by AAP range from no change in approvals to a 2.8 per cent decline, seasonally adjusted, compared with the 6.7 per cent decline in November.
The decline in November was largely a correction from very high levels of home unit approvals in previous months, rather than any …
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- BUILDING APPROVALS FALL IN AUSTRALIA DURING DEC: ABS.
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