Australia Building Approvals for September 2023 come in at -4.6% m/m expected +1.3%, prior +7.0% A poor report for the sector. IF the RBA is eyeing data on the health of the Australian econly they’ll be getting worried. This from earlier (check the remarks from the report, not confidence inspiring at all): Australian final manufacturing
The m/m building permits data is encouraging, but the poor y/y trend takes much of the shine off. Australia job advertisements dipped 0.1% m/m in September. Despite being down that’s not too bad a result given the strong growth in August. Job ads are 50% higher than pre-covid levels — The focus for Australia for
Canada building permits Prior was +10.5% Permits at $11.6 billion 67.2% monthly increase in the institutional component largely due to two hospital permits Non-residential permits increased 20.4% Residential permits declined 1.8% to $6.9 billion in June The total value of building permits in the second quarter declined 1.0% from the first quarter but residential up