NZ: Building permits for Nov surged 10.8%/mth - TDS

Analysts at TDS note that New Zealand’s building permits for Nov surged by 10.8%/mth from prior –10.4%.

Key Quotes

“Auckland jumped via apartments, and well ahead of the govt’s Kiwibuild program.  Updated CPI weights were released, where food and housing were given higher weights, while health, transport and communication were shaved down.  The revised weights lowered our Q4 CPI forecast to +0.3%/qtr (from +0.4% before the update). The new weights appear to have less implications for policy compared with the Australian update late last year.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.