Australian building approvals surge in January

Source: RTT News
© Scanpix/Reuters
Building approvals, which were issued in Australia in January of this year, climed 6.8% on a montly basis, reaching as many as 17,514. At the same time, analysts predicted a small rise of 0.5%. Moreover, year-on-year, the indicator surged 34.6%, beating forecasts of 24% as well. Meanwhile, the decline for December was revised positively from -2.9% to -1.3%.
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