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Australian July Building Permits +10.4% m/m (2.5% expected)

Thats an impressive result, well above estimate. This data can be volatile though, depending on multi-unit approvals.

The 10.4% rise in July is to a 14-month high of 14,797 approvals.

  • private house approvals +0.6%, a 21-month high
  • apartment approvals rose 32.1% to an 8-month high

This article was written by Eamonn Sheridan at www.forexlive.com.

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