Australia Building Approvals for December 2020: +10.9% m/m (expected 3.0%)

Australia Building Approvals for December 2020 up 10.6% m/m

• expected 3.0% m/m, prior 2.6%

Private sector houses +15.8% m/m

• prior +6.1%

The surge in building activity is set to continue.

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Earlier in the session we had the latest data on the construction PMI, which is solid indeed:

• Australian Industry Group Performance of Construction Index 57.6 (Construction PMI)