New Zealand November building approvals +5.3% m/m, huge jump from -5.2% the prior month

New Zealand home consents for November 2024:

+5.3% m/m

• -5.2% the prior month

+4.8% y/y

Stats NZ says that "While the number of homes consented each month has fluctuated, the trend has remained relatively steady for the last year"

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NZD barely moving.