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Financial News: New Zealand Building Permits Surge 9.9% In December

New Zealand Building Permits Surge 9.9% In December

02/03/2020 - 18:15:00 (RTTNews)

(RTTNews) - The total number of building permits issued in New Zealand was up a seasonally adjusted 9.9 percent on month in December, Statistics New Zealand said on Tuesday - coming in 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.

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