Revised Data Indicates Australian Building Activity is Improving

Australia has been building more new homes, offices and shopping centres than previously thought, according to revised data from the government, a promising sign that a key area of the economy is on the path to recovery.

The new figures would be welcomed by the Reserve Bank of Australia (RBA) which has been counting on a revival in home building to help offset the drag from a cooling mining boom.

The Australian Bureau of Statistics on Wednesday reported it had revised figures on home building work, dwelling starts and non-residential building going back for some years. The revisions were overwhelmingly higher.


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