FX.co ★ Building Approvals in Australia Decrease by 1.9% in February 2024

According to the most recent data updated on 04 April 2024, building approvals in Australia took a dip in February 2024, decreasing by 1.9% compared to the previous month. This decline follows a previous indicator that had halted at a 1% decrease. The comparison period provided is month-over-month, highlighting the change in approvals for February compared to January. As the housing market in Australia continues to fluctuate, this decrease in building approvals may have implications for the construction industry and the overall economy of the country. Analysts will be closely monitoring future data to assess trends and potential impacts on the market.