Loading...
Loading...
September Building Consents (also known as Building Permits) -12.2% m/m
- expected +1.0%,
- prior was flat at 0.0% m/m (while the trend is strong, the rate of growth is slowing)
-
Yuck … NZD down a few pips on the announcement
Comment from Statistics New Zealand:
- “The trend for new dwellings was previously at its highest level since August 2007. While it's now easing, the trend is still about 10 percent higher than at the same time last year,” business indicators manager Neil Kelly said.
- In September 2014, the seasonally adjusted number of new dwellings consented decreased by 12 percent. Excluding apartments, this number fell by 10 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in