New Zealand Building permits, for July 2025 +5.4% m/m
prior -6.0%for the y/y -0.1%
These data tend to be ‘lumpy’ due to multi-unit approvals impacting month to month.
NZD/USD little changed around 0.5895.
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In other news fron NZ PM Luxon says he’ll be annoucning a new Governor for the Reserve Bank of New Zealand in a few weeks. That he has a few candidates.
This article was written by Eamonn Sheridan at investinglive.com.