Economic Buzz: Australia Building Approvals Climb 3.6% On Month In November

10 Jan 2022 , 09:20 AM

Australia total number of building approvals climbed a seasonally adjusted 3.6 percent on month in November, the Australian Bureau of Statistics said on Monday, coming in at 16,448, following the 12.9 percent drop in October. Permits for private sector houses rose 1.4 percent on month to 10,892, while permits for private sector dwellings excluding houses jumped 9.7 percent to 5,315. On a yearly basis, permits for total dwellings sank 7.7 percent, permits for private sector houses dropped 8.1 percent and permits for private sector dwellings excluding houses fell 5.5 percent.

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