FOREX TradingCharts.com

Financial News: New Zealand July Building Permits Fall 0.7%

New Zealand July Building Permits Fall 0.7%

08/29/2017 - 20:15:00 (RTTNews)

(RTTNews) - The total number of building permits issued in New Zealand slipped a seasonally adjusted 0.7 percent on month in July, Statistics New Zealand said on Wednesday - standing at 2,762.

That follows the downwardly revised 1.3 percent decline in June (originally -1.0 percent).

"July's fall was driven by the number of consented apartments, townhouses, and retirement units, which fluctuates from month to month," construction statistics manager Melissa McKenzie said. "The fall for multi-unit dwellings was partly offset by an increase for stand-alone houses."

Individually, consents were issued for 1,900 houses, 367 apartments, 350 townhouses, flats, and units and 145 retirement village units.

For houses only, the seasonally adjusted number rose 8.5 percent, following a 4.0 percent fall in June.

The trend for the number of new dwellings consented is relatively flat. It reached a 12-year high in mid-2016, the bureau said, but decreased towards the end of the year.

On a yearly basis, 30,404 new dwellings were consented - up 4.5 percent from a year earlier. Non-residential building consents were at NZ$6.2 billion - down 1.5 percent on year.

The non-residential building types with the highest values were: offices, administration, and public transport buildings - NZ$1.2 billion (up 4.6 percent on year); education buildings - NZ$1.0 billion (down 26 percent); shops, restaurants, and bars - NZ$726 million (down 17 percent); and storage buildings - NZ$720 million (up 0.6 percent).

The regions with the highest value of consented non-residential building work were: Auckland - NZ$2.2 billion, Canterbury - NZ$1.5 billion and Wellington - NZ$636 million.

The value of building work consented in July was NZ$1.8 billion, including NZ$1.2 billion of residential work and NZ$576 million of non-residential work. In the year ended July 2017, the value of consents for all buildings was NZ$19.1 billion, including NZ$12.9 billion of residential work and NZ$6.2 billion of non-residential work.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ARGENTINA: GDP Estimate Up 2.7% In 2Q17 An Annual Basis (21 min(s), 29 sec(s) ago)
(RTTNews) - The provisional estimate for Argentina's Gross Domestic Product (GDP) in the secon ...Full Story»

BRAZIL: Temer Says He Has 'no Concern' About Criminal Complaints Against Him (01 hr(s), 31 min(s), 29 sec(s) ago)
(RTTNews) - Brazil's President Michel Temer said in an interview with Reuters news agency that ...Full Story»

ARGENTINA: Consumer Confidence Rises 7.2% In September - Survey (01 hr(s), 55 min(s), 29 sec(s) ago)
(RTTNews) - The Consumer Confidence Index in Argentina increased by 7.2% in September compared to ...Full Story»

BRAZIL: Inflation Expectation By Year-end Cut To 3.2% - Central Bank (02 hr(s), 02 min(s), 29 sec(s) ago)
(RTTNews) - The Brazilian central bank's Quarterly Inflation Report presents revised projectio ...Full Story»

BRAZIL: Interest Rate Estimate Cut To 7% Per Year In 2017, 2018 - Central Bank (02 hr(s), 24 min(s), 29 sec(s) ago)
(RTTNews) - The benchmark interest rate in Brazil, known as Selic, is expected to reach 7% by year ...Full Story»

BRAZIL: Central Bank Increases GDP Growth Estimate For 2017 To 0.7% (02 hr(s), 38 min(s), 29 sec(s) ago)
(RTTNews) - Brazil's central bank increased to 0.7% from 0.5% its projection for the country&# ...Full Story»

MEXICO: Earthquake Will Not Affect Country's Rating - Moody's (02 hr(s), 44 min(s), 29 sec(s) ago)
(RTTNews) - Credit risk rating agency Moody's Investors Service said that the earthquake that ...Full Story»

BRAZIL: Preliminary CPI Rises 0.11% In September (02 hr(s), 51 min(s), 29 sec(s) ago)
(RTTNews) - Brazil's official preliminary inflation index rose 0.11% in September on a monthly ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ARGENTINA: GDP Estimate Up 2.7% In 2Q17 An Annual Basis

09/21/2017 - 22:25 PM (RTTNews)
(RTTNews) - The provisional estimate for Argentina's Gross Domestic Product (GDP) in the secon ...Full Story>>

BRAZIL: Temer Says He Has 'no Concern' About Criminal Complaints Against Him

09/21/2017 - 21:15 PM (RTTNews)
(RTTNews) - Brazil's President Michel Temer said in an interview with Reuters news agency that ...Full Story>>

ARGENTINA: Consumer Confidence Rises 7.2% In September - Survey

09/21/2017 - 20:51 PM (RTTNews)
(RTTNews) - The Consumer Confidence Index in Argentina increased by 7.2% in September compared to ...Full Story>>

BRAZIL: Inflation Expectation By Year-end Cut To 3.2% - Central Bank

09/21/2017 - 20:44 PM (RTTNews)
(RTTNews) - The Brazilian central bank's Quarterly Inflation Report presents revised projectio ...Full Story>>

BRAZIL: Interest Rate Estimate Cut To 7% Per Year In 2017, 2018 - Central Bank

09/21/2017 - 20:22 PM (RTTNews)
(RTTNews) - The benchmark interest rate in Brazil, known as Selic, is expected to reach 7% by year ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.