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if actual > forecast = good for currency (for AUD in our case)
[AUD - Building Approvals] = It's an excellent gauge of future construction activity because
obtaining government approval is among the first steps in constructing a
new building. Construction is important because it produces a
wide-reaching ripple effect - for example, jobs are created for the
construction workers, subcontractors and inspectors are hired, and
various services are purchased by the builder.
The total number of building approvals issued in Australia climbed a
seasonally adjusted 16.0 percent on year in June, the Australian Bureau
of Statistics said on Thursday - standing at 15,659.
On a monthly basis, building approvals tumbled 5.0 percent - also
missing expectations for a flat reading following the upwardly revised
10.3 percent gain in the previous month (originally 9.9 percent).
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hourly
2014-07-31 01:30 GMT (or 03:30 MQ MT5 time) | [AUD - Building Approvals]
if actual > forecast = good for currency (for AUD in our case)
[AUD - Building Approvals] = It's an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.
==========
Australia Building Approvals +16.0% In June
The total number of building approvals issued in Australia climbed a seasonally adjusted 16.0 percent on year in June, the Australian Bureau of Statistics said on Thursday - standing at 15,659.
On a monthly basis, building approvals tumbled 5.0 percent - also missing expectations for a flat reading following the upwardly revised 10.3 percent gain in the previous month (originally 9.9 percent).