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).