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New Zealand Building Permits Slip 1.5$ In January
(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjusted 1.5 percent on month in January, Statistics New Zealand said on Wednesday - after sinking 7.1 percent in December.
In January, there were 2,777 new dwellings consented, including: 1,067 stand-alone houses; 985 townhouses, flats, and units; 373 apartments; and 352 retirement village units.
In the year ended January 2023, the actual number of new dwellings consented was 49,480, up 1.4 percent from the year ended January 2022.
The annual value of non-residential building work consented was $9.5 billion, up 13 percent from the year ended January 2022.
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New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
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12h 9min ago
New Zealand Building Permits Jump 10%In May
The number of building permits issued in New Zealand was up a seasonally adjusted 10 percent on month in June, Statistics New Zealand said on Tuesday - coming in at 3,151.
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8 days ago
New Zealand GDP Expands 0.8% In Q1
New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Thursday.
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20 days ago
New Zealand Has NZ$5.5 Billion Current Account Shortfall
New Zealand had a seasonally adjusted current account deficit of NZ$5.5 billion in the first quarter of 2025, Statistics New Zealand said on Wednesday.
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21 days ago
New Zealand Terms Of Trade Climbs 1.9% In Q1
New Zealand's terms of trade was up 1.9 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Tuesday.
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36 days ago
New Zealand Building Consents Slump 15.6% In April
The total number of building permits issued in New Zealand was down a seasonally adjusted 15.6 percent on month in April, Statistics New Zealand said on Friday - following the 10.7 percent increase in March.
In April, there were 2,418 new dwellings consented, comprising: 1,148 stand-alone houses; 1,105 townhouses, flats, and units; 85 retirement village units; and 80 apartments.
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40 days ago
New Zealand Cuts Interest Rate By 25 Bps As Expected
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
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42 days ago
New Zealand Retail Sales Rise 0.8% In Q1
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Friday.
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47 days ago
