Building permits in Australia climb 3.7% in March
The Australian Bureau of Statistics released its building permits data on Tuesday. Building permits in Australia climbed 3.7% in March, beating expectations for a 3.0% drop, after a 2.9% rise in February. February's figure was revised down from a 3.1% increase.
Building permits for private sector houses rose 2.6% in March, while building permits for private sector dwellings excluding houses jumped 6.7%.
The seasonally adjusted estimate of the value of total building approved was down 0.9% in March.
On a yearly basis, building permits fell 6.5% in March, after a 9.0% decrease in February.
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