FOREX TradingCharts.com

Financial News: New Zealand Building Consents Spike 9.9% In December

New Zealand Building Consents Spike 9.9% In December

02/03/2020 - 18:45:00 (RTTNews)

(RTTNews) - The total number of building permits issued in New Zealand jumped a seasonally adjusted 9.9 percent on month in December, Statistics New Zealand said on Tuesday - standing at 2,910.

That follows the upwardly revised 8.4 percent drop in November (originally -8.5 percent).

On a yearly basis, building permits spiked 14.0 percent to 37,538.

The annual value of non-residential building work consented was NZ$7.5 billion, up 5.2 percent from the December 2018 year.

In December consents were issued for: 1,662 stand-alone houses; 763 townhouses, flats, and units; 377 apartments; and 108 retirement village units.

The seasonally adjusted number of new stand-alone houses consented rose 2.1 percent from November 2019, following a 1.9 percent fall in October.

By region, the numbers of new dwellings consented in the year ended December 2019 (compared with the December 2018 year) were: 15,154 in Auckland (an all-time record) - up 18 percent; 4,251 in Waikato (the highest since records began in the March 1991 year) - up 14 percent; 3,174 in Wellington (the highest since the March 1991 year) - up 16 percent; 5,816 in rest of North Island - up 5.3 percent; 5,308 in Canterbury - up 11 percent; and 3,834 in rest of South Island - up 14 percent (this includes an Otago record of 2,286 new dwellings).

In the year ended December 2019, non-residential building consents totaled NZ$7.5 billion, up 5.2 percent from the December 2018 year. This series can be influenced by price changes - non-residential construction prices (as measured by the capital goods price index) were up 5.1 percent in the September 2019 year.

In the December 2019 year, the non-residential building types with the highest values were: education buildings - NZ$1.1 billion (up 3.1 percent); shops, restaurants, and bars - NZ$1.1 billion (down 4.4 percent); and offices, administration, and public transport buildings - NZ$1.0 billion (up 17 percent).

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Latvia Jobless Rate Steady In Q4 (03 hr(s), 06 min(s), 38 sec(s) ago)
(RTTNews) - Latvia's jobless rate remained stable in the fourth quarter, figures from the Cent ...Full Story»

Slovenia Output Prices Inflation Slows For Third Month (03 hr(s), 37 min(s), 38 sec(s) ago)
(RTTNews) - Slovenia's output price inflation eased for the third month in a row in January, f ...Full Story»

German Business Confidence Improves Slightly (03 hr(s), 42 min(s), 38 sec(s) ago)
(RTTNews) - Germany's business confidence improved marginally in February despite fears about ...Full Story»

Turkey Capacity Utilization Rises In February (03 hr(s), 54 min(s), 38 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate rose in January after slowing in ...Full Story»

Czech Economic Confidence Falls In February (03 hr(s), 57 min(s), 38 sec(s) ago)
(RTTNews) - The Czech Republic's economic confidence weakened for the second straight month in ...Full Story»

Czech Producer Price Inflation Increases In January (04 hr(s), 16 min(s), 38 sec(s) ago)
(RTTNews) - Czech Republic's producer price inflation rose more-than-expected in January, figu ...Full Story»

German Business Confidence Improves In February (04 hr(s), 53 min(s), 38 sec(s) ago)
(RTTNews) - Germany's business confidence improved in February, reports said citing survey dat ...Full Story»

Taiwan Industrial Production, Jobless Rate Falls (05 hr(s), 34 min(s), 38 sec(s) ago)
(RTTNews) - Taiwan's industrial production fell for the first time in three months in January ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Latvia Jobless Rate Steady In Q4

02/24/2020 - 06:18 AM (RTTNews)
(RTTNews) - Latvia's jobless rate remained stable in the fourth quarter, figures from the Cent ...Full Story>>

Slovenia Output Prices Inflation Slows For Third Month

02/24/2020 - 05:47 AM (RTTNews)
(RTTNews) - Slovenia's output price inflation eased for the third month in a row in January, f ...Full Story>>

German Business Confidence Improves Slightly

02/24/2020 - 05:42 AM (RTTNews)
(RTTNews) - Germany's business confidence improved marginally in February despite fears about ...Full Story>>

Turkey Capacity Utilization Rises In February

02/24/2020 - 05:30 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization rate rose in January after slowing in ...Full Story>>

Czech Economic Confidence Falls In February

02/24/2020 - 05:27 AM (RTTNews)
(RTTNews) - The Czech Republic's economic confidence weakened for the second straight month in ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.