|08-28-2014, 03:41 PM||#1|
Australia’s New home Sales dropped in July
Australian economy recorded a noticeable slowing in its new home sales during the month of July, adding to sings that more monetary support will be added during the upcoming stage.
Moreover, HIA new home sales dropped in July to -5.7%, from a previous reading of 1.2% a month earlier.
Australia’s home sales began to decline after its previous stage of stability, where the central bank managed to spur housing sector and mining through monetary easing to revive growth
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