Australian Building Permits MoM Final (Nov) M/M 15.2% vs. Exp. 15.2% (Prev. -6.1% )
Newsquawk Staff ·
Australian Building Permits MoM Final (Nov) M/M 15.2% vs. Exp. 15.2% (Prev. -6.1% )
What it means
The Australian building permits data for November came in as expected with a 15.2% month-over-month increase, following a significant contraction of -6.1% in the previous month. This robust rebound signals potential improvement in the construction sector, suggesting positive momentum for economic growth that could influence future policy decisions.
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