New Zealand Building Permits arrived 35.6%, much better than prior and consensus

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New Zealand Building Permits were much improved for the month of May, arriving at 35.6% vs -0.1% vs -9.9% prior. 

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Description the Building Permits s.a

The Building Permits s.a. released by the Statistics New Zealand show the number of permits for new construction projects. It is considered as a leading indicator for the housing market. The more growing number of permits, the more positive (or bullish) for the NZD, while a low reading is seen as negative, or bearish.

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