New Zealand June Building Consents/Permits: +3.5% m/m
- prior was -4.6% m/m
- expected +1.0%
–
- The trend for the number of new dwellings consented is at its highest level since August 2007
- “The trend for new dwellings has doubled since March 2011, but is still 26 percent below the series peak in January 2004,” business indicators manager Neil Kelly said.
- In June 2014, the seasonally adjusted number of new dwellings consented rose 3.5 percent (or 2.9 percent when apartments are excluded)
–
NZD not doing a lot after yesterday’s milk shake.