Australia Oct building approvals fall at slower pace than expected

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Investing.com - Dwelling units approved in Australia fell less than expected in October at -1.8%, the Australian Bureau of Statistics said Monday, compared to a forecast of -5.0%, signaling tentatively that housing construction has the potential to pick up the slack in the economy as resources investment wanes.

The data comes ahead of a Reserve Bank of Australia policy review on Tuesday where it is widely expected to leave the cash rate at a record low 2.5% Investing.com
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This article appears in: Investing , Forex and Currencies

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