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The total number of building permits issued in Australia was up a seasonally adjusted 3.1 percent on month in February, the Australian Bureau of Statistics said on Thursday, standing at 13,371.
That beat forecasts for an increase of 2.5 percent following the upwardly revised 2.0 percent contraction in January (originally -2.4 percent).
On a yearly basis, building permits were up 12.8 percent - shy of expectations for a gain of 14.3 percent after collecting an upwardly revised 10.0 percent in the previous month (originally 9.9 percent).
