Data for building consents in NZ for August 2023, down 6.7% m/m
- previous was -5.4%
- for the y/y -17%
Commentary from the statistics folks in the NZ government:
- “This figure continues the downward trend from the peak of 51,015 in the year ended May 2022,”
- “However, the number of new homes consented in the year ended August 2023 is still at a higher level than any 12-month period prior to 2021.”
NZD/USD little changed, circa 0.5995.
Earlier from NZ: