The total number of building permits issued in New Zealand was down a seasonally adjusted 6.3 percent on month in February, Statistics New Zealand said on Tuesday – standing at 1,758.

Excluding apartments, the number of building permits dipped 1.4 percent to 1,598. Permits were issued for 160 apartments, including 28 retirement village units.

Permits had fallen 3.8 percent in January.

The total number of permits fell 0.6 percent on year in February.

The material has been provided by InstaForex Company –