New Zealand Building Permits April: -1.9% m/m (prior -0.2%)

New Zealand Building Permits April: -1.9% m/m

• prior -0.2%

For the y/y +6.0%

• the first increase in the number of new homes consented when compared with the same month in the previous year, since September 2022

Stats NZ with the caveat on the y/y :

• There were 20 working days in April 2024 compared with 17 in April 2023, with Good Friday falling in March in 2024. More working days in a month means more time for building consent authorities to issue consents for new homes.

NZD/USD barely moving on this data point

more to come

This article was written by Eamonn Sheridan at www.forexlive.com.