Australia Building approvals for October: -1.8% m/m (vs. expected -5.0%)

Australia Building approvals for October:

For the m/m change,comes in at -1.8%

• expected -5.0%, prior was +16.9% (revised up from +14.4%)

For the y/y change, result is +23.1%

• expected 17.0%, prior was +22.2% (revised higher from +18.6%)

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• Company operating profits also announced, Q3 in at +3.9% ( expected +1.0% q/q, prior was +0.4%, revised higher from -0.8%)
• and Inventories (s.a.) -0.5% (expected flat at 0.0% change q/q, prior was +0.4%, revised up from +0.2%)

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AUS/USD up 8 or so points after the building approvals data