New Zealand Building Consents (permits) for February: +14.0% m/m (prior +0.8%)

NZ building approvals for February

Mmmm .... yeah, had to do a double-take on this! it"s a volatile data set, as I said earlier ... and just to make sure it comes in at a huge m/m surge

• up 14% m/m


• prior revised higher to +2.1% (from +0.8%)


• Up 1.6 percent from February 2016 (i.e. y/y)
  

More from Stats NZ:

• In seasonally adjusted terms, this was a 14 percent increase from January 2017. However, this only partly reversed large falls in November and December 2016.


• "While we saw a strong seasonally adjusted increase this February, the actual number of homes consented was up only slightly from last year," business indicators senior manager Neil Kelly said.

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• Building consents are an indicator of future building activity


• Almost all consented work is eventually completed

New Zealand Building Consents (permits) for February: +14.0% m/m (prior +0.8%)
New Zealand Building Consents (permits) for February: +14.0% m/m (prior +0.8%)
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