New Zealand Building Permits for September 2024: +2.6% m/m (prior -5.3% )
globalreutersOctober 31, 20241 Mins read New Zealand Building Permits for September 2024: +2.6% m/m
- prior revised to -5.2%, from -5.3%
For the y/y +1.6%
***
Building consents data in New Zealand tracks the number and value of construction projects approved by councils. This includes residential, commercial, and industrial builds.
The data is used in helping to gauge economic health, housing supply, and demand trends, as it reflects investor and consumer confidence in the construction sector. Further, analysts use it to predict shifts in the property market. Statistics
New Zealand regularly publishes this data, often with detailed breakdowns by region, type of dwelling, and project scale.
Here we focus pretty much on the headline.
This article was written by Eamonn Sheridan at www.forexlive.com.
Recent Posts
Categories
Related Articles
AUDUSD falls as risk-off sentiment and technical sellers push the pair lower
The AUDUSD moved higher yesterday as the USD weakened, bringing the pair...
Pain in the stock market: 8 things are adding up to an ugly selloff
US stock markets are under some heavy pressure today with the S&P...
Fed’s Goolsbee: Steel tariffs will raise production costs in region
Fed's Goolsbee is lurking around saying that:Steel tariffs will raise production costs...
USDJPY falls below the 50% midpoint
The USDJPY has moved below the 50% midpoint of the move up...
Leave a comment