New Zealand 'Value of Building Work Put in Place' data for Q1

Total volume of building work rose 5.3 percent (seasonally adjusted) from the previous quarter

  • +5.5 percent for residential buildings
  • +5.0 percent for non-residential buildings

Biggest Q1 rise for 2 years

NZD up a few tics; this data point not too much of an FX market mover