Australian data - October Building Permits -12.9% m/m (expected -2%)

Data from Australia, Building permits for October, % m/m

• expected -2% m/m, prior -4.3%

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• Private sector houses rose 4.3%
• private sector dwellings excluding houses fell 37.5% ( driven by a large fall in apartment approvals in October)
• The value of non-residential building approved fell 20.9%.