Australia October building approvals -1.5% m/m (expected -1.5%)

Building approvals is a volatile data point

-1.5% m/m, down this month and last

• expected -1.5% m/m, prior +3.3%

-13.4% y/y, this shows the clear overall slowing

• expected -14.0% y/y , prior -14.1%

At the same time we got Q3 'partials', post here:

• Australia Q3 inventories 0.0% (expected +0.4%)

And also ANZ job ads for November, which have come in at -0.3%

• vs. +0.3% the previous month