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Building approvals fall 13.6 per cent – News.com.au, 02 Nov 11

AUSTRALIAN residential building approvals fell 13.6 per cent to 11,889 units in September, seasonally adjusted.

This compares to a downwardly revised 13,758 units in August.

In the year to September, building approvals were down 12 per cent, the Australian Bureau of Statistics (ABS) said on Wednesday.

Economists’ forecasts had centred on a five per cent fall in approvals in September.

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