Building permits last month 13.2%
The June building permits for New Zealand came in at -3.9$ versus 13.2% last month.
As the chart above shows , the release can be quite volatile with a sawtooth pattern.
The 3 month average is 0.6%, while the six month average is 1.5%. So I guess the recent data is positive. The 3 month average did dip to -7.9% in April.