Economic Buzz: Australia Building Approvals Down 8.4% On Month In December

Australia building approvals was down a seasonally adjusted 8.4 percent on month in December, coming in at 13,995, the Australian Bureau of Statistics said on Monday, following the 9.1 percent decline in November. On a yearly basis, building approvals tumbled 22.5 percent following the 32.8 percent plummet in the previous month.