Advertisement
New Zealand Building Permits Slump 9.0% In February
(RTTNews) - The total number of building consents issued in New Zealand was down a seasonally adjusted 9.0 percent on month in February, Statistics New Zealand said on Thursday - coming in at 2,972.
That follows the downwardly revised 5.2 percent drop in January (originally -1.5 percent).
February's figure included permits for 1,303 stand-alone houses; 1,162 townhouses, flats, and units; 331 retirement village units; and 176 apartments.
In the year ended February 2023, the actual number of new dwellings consented was 48,257, down 3.3 percent from the year ended February 2022.
The annual value of non-residential building work consented was NZ$9.6 billion, up 13 percent from the year ended February 2022.
read more
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.
RTTNews
|
1h 34min ago
New Zealand Services Index Improves To 48.9 - BusinessNZ
The services sector in New Zealand continued to contract in July, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
RTTNews
|
2 days ago
New Zealand Manufacturing Sector Expands In July - BusinessNZ
The manufacturing sector in New Zealand moved up into expansion territory in July, BusinessNZ said on Friday with a seasonally adjusted Performance of Manufacturing Index score of 52.8.
RTTNews
|
5 days ago
New Zealand Jobless Rate Climbs To 5.2% In Q2
The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.
RTTNews
|
14 days ago
New Zealand Has NZ$142 Million Trade Surplus In June
New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$142 million in June, Statistics New Zealand said on Tuesday.
RTTNews
|
29 days ago
New Zealand Annual Inflation Climbs 2.7% In Q2
Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.
RTTNews
|
30 days ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
RTTNews
|
34 days ago
New Zealand Services Index Improves In June - BusinessNZ
The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.
RTTNews
|
37 days ago
