Australian Building Approvals fell by 6.9%

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Wednesday, Sep 30 2015

The seasonally adjusted estimate for total dwellings approved fell 6.9% in August following a rise of 7.9% in the previous month. Analysts were predicting 1.8% decline. Private sector houses rose 4.9% in August following a fall of 3.5% in the previous month, while private sector dwellings excluding houses fell 11.4% in August following a rise of 14.6% in the previous month.

The seasonally adjusted estimate of the value of total building approved fell 5.6% in August following a rise of 9.2% in the previous month. The value of residential building fell 3.5% following a rise of 8.1% in the previous month. The value of non-residential building fell 10.1% following a rise of 11.7% in the previous month.

Aussie is currently being traded around 0.7020 area. Pair is likely to find support below 0.6950 level and resistance above 0.7050 handle. Later today, in the US session, ADP job data and Chicago PMI figures are scheduled for a release.

More in this category: « CB Consumer Confidence unexpectedly rose in September German unemployment rose by 2,000 »

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