NZ data: Q4 Construction work +1.4% q/q (expected +1.0%)

Value of building work statistics estimate the value and volume of work put in place on construction jobs in New Zealand. 

  • residential building activity fell 0.4 percent
  • non-residential building activity rose 4.1 percent
  • all building activity rose 1.4 percent.

NZD little changed on the data … despite the beat on expectations the data point is not usually a big forex mover 
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