New Zealand - October Building Consents: +5.1% m/m (prior was -5.7%)

New Zealand October Building Consents (also known as Building Permits)

Up 5.1% m/m

• prior -5.7% m/m
• Says Stats NZ: The trend is increasing, and is at its highest level since July 2004.

Up 9.2% y/y

A limited impact on the NZD. Some bounce was expected after 2 consecutive months of decline