New Zealand Building Permits Sink 5.3% In August
(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjusted 5.3 percent on month in August, Statistics New Zealand said on Tuesday - coming in at 2,881 consents.
That follows the 26.4 percent spike in July.
Individually, permits were issued for 1,422 stand-alone houses; 1,137 townhouses, flats, and units; 275 retirement village units; and 47 apartments.
On a yearly basis, permits were down 20 percent at 33,632.
In the year ended August 2024, non-residential building consents totaled NZ$9.1 billion, down 7.9 percent on year.
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New Zealand Performance Of Services Index Improves To 46.0 - BusinessNZ
The services sector in New Zealand continued to contract in October, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 46.0.
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New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ
The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8.
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New Zealand Jobless Rate 4.8% In Q3
New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Building Permits Rise 2.6% In September
The total number of building permits issued in New Zealand was up a seasonally adjusted 2.6 percent on month in September, Statistics New Zealand said on Friday - after slumping 5.2 percent in August.
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New Zealand Inflation Slows To 2.2% Annually
Consumer prices in New Zealand were up 2.2 percent on year in the third quarter of 2024, Statistics New Zealand said on Wednesday in line with expectations and down from 3.3 percent in the previous three months.
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New Zealand Services Sector Unchanged In September - BusinessNZ
The services sector in New Zealand continued to contract in September, and at a steady pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 45.7.
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New Zealand Manufacturing PMI Improves To 46.9 In September - BusinessNZ
The manufacturing sector in New Zealand continued to contract in September, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 46.0.
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New Zealand Central Bank Cuts Key Rate By 50 Bps
The Reserve Bank of New Zealand slashed its benchmark rate by 50 basis points on Wednesday, as inflation is converging to the target midpoint, while economic growth is expected to remain subdued in the near term. The Monetary Policy Committee led by Governor Adrian Orr, decided to reduce the Official Cash Rate to 4.75 percent from 5.25 percent. The outcome of the meeting matched expectations.
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