NZ data for April to June quarter building work.
A big miss on expectations, down 0.5% q/q
- expected at +1.6%
- prior -3.3%, revised from -3.5%
More from StatsNZ on Value of Building Work Put in Place: June 2017 quarter
- Non-residential building activity was down 0.7 percent q/q
- residential building activity was down 0.4 percent q/q
- "This is the second quarter in a row that building activity has fallen, as the post-earthquake residential rebuild in Canterbury winds down"
NZD gaining a few tics after the release (it had ben up a few tics prior also).
Updates:
