The Australian economy released today on the building approvals during January. The actual reading of the monthly building approvals came at -15.9% compared to the previous reading of 8.7% revised to 10.0% , forecasted to be -3.3%. As for the annual building approvals the actual reading came at -24.8% compared to the previous reading of -5.0% revised to -3.2% forecasted to be -6.6%.