New Zealand data - Building permits (July 2025) +5.4% m/m (prior -6.0%)

New Zealand data - Building permits (July 2025) +5.4% m/m (prior -6.0%)

• Building consents data from NZ

New Zealand Building permits, for July 2025 +5.4% m/m

• prior -6.0%
• for the y/y -0.1%

These data tend to be 'lumpy' due to multi-unit approvals impacting month to month.

NZD/USD little changed around 0.5895.

-

In other news fron NZ PM Luxon says he'll be annoucning a new Governor for the Reserve Bank of New Zealand in a few weeks. That he has a few candidates.