Building Approvals rose 2.2% in September

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Monday, Nov 02 2015

The seasonally adjusted estimate for total dwellings approved rose 2.2% in September following a fall of 9.5% in the previous month. Smaller incline by 1.8% was expected. Private sector houses fell 1.9% in September following a rise of 4.1% in the previous month, while private sector dwellings excluding houses rose 6.1% in September following a fall of 15.6% in the previous month.

The value of total building approved fell 2.1% in September and has fallen for two months. The value of residential building fell 4.3% and has fallen for two months. The value of non-residential building rose 2.9% following a fall of 9.5% in the previous month.

Aussie is currently being traded around 0.7140 area. Pair is likely to find support around 0.71 handle and resistance above 0.7160 level. Later today, in the US session, ISM Manufacturing PMI figures are scheduled for a release.

More in this category: « China official October factory PMI unchanged at 49.8 China's Manufacturing PMI at the highest level since June »

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