Building approvals up 6.4pc

AAP, The West Australian October 4, 2012, 9:36 am

Building approvals up 6.4pc

Australian residential building approvals rose 6.4 per cent to 12,046 units in August.

This compares to an upwardly revised 11,325 units in July, seasonally adjusted.

In the year to August, building approvals were down 15.4 per cent, the Australian Bureau of Statistics said today.

Economists' forecasts had centred on a 4.7 per cent rise in approvals for August.

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