New Zealand - Building approvals (April): -7.6% m/m (prior -1.8%)
Data from Statistics NZ "Building Consents Issued: April 2017"
- March was -1.2/% m/m (revised from -1.8%), falling from February's huge jump of +15% (revised from +17% m/m)
- -10.8% on April 2016
Building consents for new homes fell in April, partly due to the timing of Easter, Stats NZ said
- "Councils don't usually issue building consents on public holidays, so the timing of Easter drove a fall in April's building consents"