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Building approvals rose 2.9% in Nov

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Australian residential building approvals rose 2.9 per cent to 13,307 units in November.

This compares to an upwardly revised 12,932 units in October, seasonally adjusted.

In the year to November, building approvals were up 13.2 per cent, the Australian Bureau of Statistics (ABS) said on Thursday.

Economists' forecasts had centred on a 3.0 per cent rise in approvals for November.