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NZ building permits for June MoM -3.9% vs +13.2% last month

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.

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