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Australia Nov Building Approvals +2.6% M/M; Private Houses Surge

AUSTRALIA DATA
MNI (Singapore)
  • Australia's seasonally adjusted estimate for total dwellings approved rose 2.6% in November.
  • Private sector houses rose 6.1% to a 21-year high, in seasonally adjusted terms, while private sector dwellings, excluding houses, fell 3.9%.
  • The seasonally adjusted estimate for the value of non-residential building approvals fell 27.4%.

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