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Building approvals in Australia were up a seasonally adjusted 2.2 percent in December compared to the previous month, the Australian Bureau of Statistics said on Thursday, coming in at 14,869.
That was higher than analyst forecasts for a flat reading after the 5.9 percent increase in November. In all, approvals have risen in two straight months.
On an annual basis, approvals surged 53.3 percent - surpassing expectations for a 38.2 percent increase after the 33.3 percent gain in the previous month.
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