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The total number of building approvals in Australia issued in November climbed a seasonally adjusted 7.0 percent on month in November, the Australian Bureau of Statistics said on Monday - coming in at 17,569.
That beat forecasts for an increase of 4.5 percent following the upwardly revised 11.8 percent contraction in October (originally -12.6 percent).
On a yearly basis, approvals were down 4.8 percent - but that also topped expectations for a decline of 5.7 percent following the 24.9 percent decline in the previous month.