New Zealand data: Building permits +5.8% m/m in August (prior was +5.3% in July)

  • For the y/y, +6.9%
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New Zealand building permits rose 5.8% in August from the previous month on a seasonally adjusted basis, following a 5.3% gain in July, official data showed Wednesday.

Excluding apartments, flats and retirement units, approvals for standalone houses also climbed 5.8%.

Overall consents were 6.9% higher than in August last year, according to Statistics New Zealand.

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NZD/USD barely moved on the data.

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