New Zealand Building Consents for August down 4.9% m/m
– prior was +20.3%, revised from +20.4% m/m
A volatile data set this one, and some give back after the huge jump last month was to be expected. Building approvals can be ‘lumpy’ with multi-unit developments in and out of the data on a monthly basis.
NZ Building Consents (Permits) for August: -4.9% m/m (vs. +20.4% m/m prior)
