Australia Building approvals for October
For the m/m, +11.4%
- expected +5.0%, prior was -11.2% (revised from -11.0%)
For the y/y, +2.5%
- expected -6.0%, prior was -11.4% (revised from-13.4%)
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- Much better than expectations
- Private house approvals down, the improvement on the month coming from apartment building
- AUD higher, testing 0.8500 as I type
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The big event for today is still to come … Preview of the Reserve Bank of Australia (RBA) meeting today
