Tuesday , 11 February 2025
Home Forex New Zealand Building Permits for September 2024: +2.6% m/m (prior -5.3% )
Forex

New Zealand Building Permits for September 2024: +2.6% m/m (prior -5.3% )

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.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Another quiet one on the agenda in Europe today

Major currencies are little changed, with the dollar keeping steadier in general...

Trump reaffirms steel and aluminum tariffs are on the basis of national security

Up until the 2000s, the US was the biggest producer of aluminum...

Gold price retreats after hitting new record high; downside seems cushioned by Trump-related anxieties

Gold price (XAU/USD) builds on the previous day's breakout momentum above the...

USD/INR gains momentum on tariff woes

The Indian Rupee (INR) remains weak on Tuesday after falling to a...