Australia data - Building approvals for September: +2.2% m/m (expected +1.0%)

Australian Building approvals (September)

2.2% m/m

• expected +1.0%, prior was -9.5%, revised from -6.9%

21.4% y/y

• expected +24.1%, prior was +4.7%, revised from +5.1%

From the Australian Bureau of Statistics:

• The trend estimate for total dwellings approved fell 1.8% in September and has fallen for six months.

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More to come