Australia building approvals drop further in March

Source: Marketwatch
© Scanpix/AP
The total number of approvals for building houses in Australia declined 3.5% in March of this year, showing a fifth consecutive decrease, while analysts are aware that housing market may slower the economic recovery. In February, the indicator lost 5.4% and experts waited for a 1.3% rise in March. At the same time, on the annual basis building approvals jumped as much as 20%.

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