New Zealand Building Consents (permits) for January: +0.2% m/m(prior -9.6%)

Wild swings are the normal for this indicator on a month to month basisFor January up 0.2% on the month

  • prior revised to -9.5%

The y/y has come in at +9.4%, still indicating good growth in the building pipleine

This is the second piece of data to come from NZ this morning. Neither has had much of an impact on the NZD. Eyes back on US (and USD) developments I guess.   

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