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”
New Zealand building permits june 2024 2

NZD/USD not a lot changed, around 0.5905