Australia Building approvals for November: -1.5% m/m (vs. expected -1.0%)

• prior was -1.8%
• m/m data for the building approvals is seasonally adjusted

• Private sector house approvals +6.0% m/m

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For the y/y, comes in at +22.2 %

• expected was +21.1%, prior was +23.1%

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AUD/USD up 15-odd points immediately on the retail sales and building approval data

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Data from Australian Bureau of Statistics