The Australian economy has released today the figures for the monthly building approvals index for September, where it heavily dropped to -13.6% compared with the prior reading of 11.4% which was revised to 10.7%, also it below expectations of -4.9%.

On the other hand, the annual building approvals for September declined to -12.0%, compared to the revised reading of -5.3% which was initially -5.5%, also it came below forecasts of 0.1%.