July 30, 2024 at 11:45PM
New Zealand Building Consents slump
-13.8% m/m (prior -1.7% )
-24% y/y
Stats NZ today:
“The number of homes consented in the year ended June 2024 has fallen to levels last seen five years ago”
“The lower number of working days in June 2024 contributed to the decrease in the number of homes consented in the month”
NZD/USD not a lot changed, around 0.5905
This article was written by Eamonn Sheridan at www.forexlive.com.