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1.Market Observations, 8.Was Sticky

9 May 2017 (AFR) – Building approvals fall to two-year low in March: apartments down in each state

(9 May 2017, AFR, p3, by Michael Bleby)

‘Business conditions have surged to a nine-year high and job advertisements have risen, in economic data published ahead of Tuesday’s budget. However, separate figures showed building approvals fell to a two-year low, a tentative sign that a primary driver of economic growth since the end of the resources boom will falter 12 to 18 months from now. Australian Bureau of Statistics reported on Monday that dwelling approvals were down 20…’

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