Tin tức thị trường
12.08.2024

Canada’s building permits unexpectedly tumble in June

Statistics Canada announced on Monday that the value of building permits issued by Canadian municipalities plunged by 13.9 per cent m-o-m in June, following a downwardly revised 12.7 per cent m-o-m tumble (from -12.2 per cent m-o-m) in May. This marked the steepest decline since April 2023 (-20.3 per cent m-o-m).

Economists had predicted a 5.6 per cent gain for June from the previous month.

According to the report, the value of residential building permits fell 11.5 per cent m-o-m in June, reflecting a 19.8 per cent m-o-m slump in permits for multi-family dwellings that was partially offset by a 4.0 per cent m-o-m surge in single-family permits. Meanwhile, the value of non-residential permits plummeted 18.1 per cent m-o-m in June, as a 42.6 per cent m-o-m drop in industrial permits combined with a 15.6 per cent m-o-m decrease in commercial permits more than offset a 1.0 per cent m-o-m advance in institutional permits.

In y-o-y terms, building permits were down 21.6 per cent in June.

Xem thêm