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New Zealand Building Consents Jump 8.7% In October
(RTTNews) - The total number of building permits issued in New Zealand was up a seasonally adjusted 8.7 percent on month in October, Statistics New Zealand said on Thursday - coming in at 3,060.
That beat forecasts for an increase of 5.0 percent following the 4.6 percent contraction in September.
In October, permits were issued for 1,380 townhouses, flats and units; 1,255 stand-alone houses; 241 apartments; and 184 retirement villages.
In the year ended October 2023, the actual number of new dwellings consented was 39,900, down 21 percent from the year ended October 2022.
The annual value of non-residential building work consented was $9.7 billion, up 3.0 percent from the year ended October 2022.
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New Zealand Building Consents Climb 5.8 Percent In August
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.8 percent on month in August, Statistics New Zealand said on Wednesday - up from 5.3 percent in July.
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New Zealand Has NZ$1.185 Billion Trade Deficit
New Zealand posted a seasonally adjusted merchandise trade deficit of NZ$1.185 billion in August, Statistics New Zealand said on Friday.
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New Zealand Services Index Slumps In August - BusinessNZ
The services sector in New Zealand continued to contract in August, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
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New Zealand Manufacturing Index Slips Into Contraction - BusinessNZ
The manufacturing sector in New Zealand dropped into contraction territory in August, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9.
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New Zealand Building Consents Climb 5.4% In July
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.4 percent on month in July, Statistics New Zealand said on Monday - coming in at 3,252.
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New Zealand Retail Sales Climb 0.5% In Q2
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday - coming in at NZ$25 billion.
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New Zealand Has NZ$578 Million Trade Deficit
New Zealand posted a merchandise trade deficit of NZ$578 million in July, Statistics New Zealand said on Thursday.
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New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
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