Mon, 02 Jun 2014 09:38:03 GMT
Australian building approvals drop in April
The total number of building approvals in Australia unexpectedly declined in April of 2014, with approvals for building townhouses and apartments dropping as much as 14%. Other approvals fell 0.3%, bringing the average decrease to 5.6%, while analysts predicted a 2.1% rise of the indicator. On the annual basis, building permits advanced 1.1% in April of this year.