Australia April Building Approvals Fall 4.4% M/M; Est 1.8% Fall

Govt report shows in Sydney.

  • Building approvals rose 16.3% from year ago; est. 20.5% gain
  • Australian 1Q company profits rose 0.2% q/q; est. unchanged
  • Australian 1Q inventories rose 0.4% q/q; est. 0.1% gain
  • Australia April private-sector home approvals rose 4.7% m/m

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