NZ data — September building permits -2.3% m/m (prior +10.2%)

Building consents down 2.3% m/m in September

  • Follows up 10.2% m/m in August

Up 3% y/y ( increase driven by townhouses and apartments, slight falls for retirement village units and houses)
As I mentioned in the ‘preview’ this is a volatile data set … glad the result didn’t make a liar out me!
NZD a wee dip (few pints) but not too much in it. Back to NZ politics I guess!

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