Australia’s approvals to build new homes edge up

Australia’s approvals to build new homes edge up

In Australia, approvals to build new homes headed north to a seven-month maximum in September. The country also reported the longest run of trade surpluses for up to four decades. That’s undoubtedly a promising omen for surge across the Australian economy.

Thursday's report from the Australian Bureau of Statistics unveiled that in September, total dwelling approvals inched up 1.5%, thus ruining forecasts for a 1% sag.

As for multi-unit apartments, they tacked on 2.3%, while ascend in private houses turned to be sturdy too. Total approvals, accounting for 18,849, appeared to be the highest outcome since February, reporting a decent turnaround after steady dips since mid-2016.

As follows from this, residential investment will keep contributing to real GDP surge in the nearer quarters, mainly due to the healthy pipeline of construction.

Australia is currently facing its biggest-ever home construction boom, enjoying boosting jobs as well as sales of everything from electronics to furniture.


British retailers benefit from bumper Black Friday sales

In November, UK shoppers derived benefits from electrical goods as well as other Black Friday bargains, providing a suddenly big boost to retail sales that contrasted with earlier indications of a subdued start to Christmas spending…

China lifts market rates to tame financial risks

On Thursday, China's major bank had money market rates lifted because the government sought to diminish financial risks without affecting the national economy, as activity was still broadly firm…

ECB Meeting & Press Conference

Meetings of the European Central Bank tend to have a great impact on the euro. The regulator will announce its rate decision at 14:45 MT time on December 14. 


promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera