Building approvals fall in November
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Building approvals fell more than expected in November, according to the Australian Bureau of Statistics.
ABS data showed the number of buildings approved fell a seasonally adjusted 1.5 per cent to 16,396 per cent in the month.
That compares to an initially reported 16,491 approvals in October, seasonally adjusted.
Bloomberg economists had expected the figures to show a one per cent fall in approvals during the month.
Building approvals are now 22.2 per cent higher, seasonally adjusted, than in the same month last year.
Approvals for private sector houses rose six per cent in the month, and the 'other dwellings' category, which includes apartment blocks and townhouses, was down 9.7 per cent.
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