Track NZ Building Consents m/m to gauge future construction trends and economic impacts.
This is a key indicator of future construction activity, as obtaining government permits is one of the initial steps in building new structures. The construction sector plays a vital role in the economy, generating jobs for construction workers, hiring subcontractors and inspectors, and prompting builders to purchase various construction services.
What it Measures
Change in the number of issued new building approvals.
Usual Effect
A higher 'Actual' than 'Forecast' is favorable for the currency.
Source & Frequency
Statistics New Zealand (latest release) - https://www.stats.govt.nz/ • Published monthly, approximately 30 days after the end of the month.
How Data is Derived
N/A
Also Known As
Building Permits
Acronym
N/A