NZ building permits (April): +6.6% m/m (prior -9.8%)

Author: Eamonn Sheridan | Category: News

New Zealand Building Consents for April

more to come ... just waiting for Stats NZ to pull the finger out and get the report up

K .... here it comes now

  • Up 6.6% m/m (seasonally adjusted)
  • Up 12% y/y
  • Annual dwellings total still at 11-year high
  • "The easing trend for new dwellings has been caused by a lull in apartment consents, especially in Auckland," business indicators senior manager Neil Kelly said. "However, apartment numbers tend to be quite volatile. For stand-alone houses, the trend is still increasing."
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Still a strong pipeline of future building works in the NZ economy
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NZD/USD up a few ticks but not a lot in it
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