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Australian building approvals -8.7% MoM

Australian building approvals -8.7% MoM

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Sean Lee
31/05/2012 | 01:30 GMT
  • New Capex +6.1% QoQ
  • Private sector credit +0.4% MoM

Very disappointing building approvals numbers but the capital expenditure and private sector data is a little more upbeat. AUD/USD is two spreads lower.

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