And here we are with another instalment from this this volatile data point - NZ building consents (permits)

For the month over month result, comes in at up 7.8%

  • July was down 10.3%

the y/y result from this data is, generally speaking, a better guide, or at least not so lumpy each month

  • Up 2.9% y/y

the 'trend' data is also of more use: