Earlier from New Zealand:August building permits now. -1.6% m/mBuilding permits data are choppy month to month given the ins and out of multi-unit dev
Earlier from New Zealand:
August building permits now.
-1.6% m/m
Building permits data are choppy month to month given the ins and out of multi-unit development. The y/y came in at +8.9%, which is a better indicator of the still-solid trend for this sector of the NZ economy.
NZD/USD is little changed, circa 0.5725 as I post.
www.forexlive.com