Financial News: New Zealand Building Consents Sink 5.6% In December

New Zealand Building Consents Sink 5.6% In December

02/03/2025 - 17:03:00 (RTTNews)

(RTTNews) - The total number of building permits issued in New Zealand in December was down a seasonally adjusted 5.6 percent on month in December, Statistics New Zealand said on Tuesday - coming in at 2,478.

That follows the downwardly revised 4.9 percent increase in November (originally 5.3 percent).

In the year ended December, the actual number of new dwellings consented was 33,600, down 9.8 percent from a year earlier.

The annual value of non-residential building work consented was NZ$9.3 billion, down 0.9 percent from a year earlier.

In the December 2024 quarter, the seasonally adjusted number of new homes consented fell 3.5 percent, after rising 5.5 percent in the September 2024 quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Private Sector Job Growth Exceeds Estimates In January (06 min(s), 31 sec(s) ago)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story»

U.S. Trade Deficit Widens Significant In December As Imports Jump, Exports Plunge (32 min(s), 31 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed the U.S. trade defici ...Full Story»

Luxembourg Inflation Rises To 6-month High (36 min(s), 31 sec(s) ago)
(RTTNews) - Consumer price inflation in Luxembourg rose for the second straight month in January t ...Full Story»

U.S. Private Sector Employment Increases More Than Expected In January (47 min(s), 31 sec(s) ago)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story»

UK Car Sales Continue To Fall, EV Share Rises: SMMT (01 hr(s), 13 min(s), 31 sec(s) ago)
(RTTNews) - The UK car market contracted for the fourth straight month in January due to weak cons ...Full Story»

Lithuanian Jobless Rate Falls To 6.5% In Q4 (01 hr(s), 35 min(s), 31 sec(s) ago)
(RTTNews) - Lithuania's unemployment rate decreased somewhat in the final quarter of 2024, dat ...Full Story»

UK Services Growth Eases On Renewed Fall In New Work (01 hr(s), 46 min(s), 31 sec(s) ago)
(RTTNews) - The UK service sector growth eased in January as new work declined for the first time ...Full Story»

Italy Retail Sales Recover 0.6% (02 hr(s), 23 min(s), 31 sec(s) ago)
(RTTNews) - Italy's retail sales increased for the first time in three months in December, and ...Full Story»