Australian home loan approvals fell in January

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Source: Bloomberg
The number of Australia's home loan approvals declined in January, first time since March 2011 while the business confidence index fell to a 5-month record low indicating the labour market recovery may slow down. Australian home loan permissions dropped 1.2% in January or twice as much as was predicted by economists. The business confidence lost ground and attained the lowest reading since September 2011.
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