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New Zealand Building Consents Climb 9.6% In March

RTTNews | 21h 21min ago

New Zealand Building Consents Climb 9.6% In March

(RTTNews) - The total number of building permits issued in New Zealand was up a seasonally adjusted 9.6 percent on month in March, Statistics New Zealand said on Friday - up sharply from the 0.7 percent increase in February.

In March 2025, there were 3,398 new dwellings consented, comprising: 1,452 townhouses, flats, and units; 1,374 stand-alone houses; 495 apartments; and 77 retirement village units.

In the year ending March 2025, the actual number of new dwellings consented was 34,062, down an annual 3.3 percent. The annual value of non-residential building work consented was NZ$8.9 billion, down 7.2 percent from the year ended March 2024.

In the March 2025 quarter, the seasonally adjusted number of new homes consented rose 3.3 percent, after falling 3.3 percent in the December 2024 quarter.

Tags: NZD

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New Zealand Trade Surplus Tops Expectations

New Zealand Trade Surplus Tops Expectations

New Zealand's trade surplus increased more than expected in March to the highest level since the coronavirus pandemic in 2020 as exports to China and the US logged double-digit growth, official data revealed on Tuesday. The trade surplus rose sharply to NZ$970 million from NZ$392 million in February, Stats NZ said. This was the highest surplus since May 2020.

RTTNews | 10 days ago

New Zealand Inflation Rises To 2.5%

New Zealand Inflation Rises To 2.5%

New Zealand inflation accelerated for the first time in nearly three years in the first quarter but it remained well within the central bank target, official data showed on Thursday. Consumer price inflation rose to 2.5 percent in the first quarter from 2.2 percent in the preceding period, Sats NZ reported.

RTTNews | 15 days ago

Reserve Bank Of New Zealand Cuts Rate By 25 Bps, Signals Further Easing

Reserve Bank Of New Zealand Cuts Rate By 25 Bps, Signals Further Easing

The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as expected on Wednesday, and hinted at further easing as recent increases in trade tariffs pose downside risks to economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.50 percent, which was the lowest since October 2022.

RTTNews | 23 days ago

New Zealand February Trade Surplus NZ$510 Million

New Zealand February Trade Surplus NZ$510 Million

New Zealand posted a merchandise trade surplus of NZ$510 million in February, Statistics New Zealand said on Friday.

RTTNews | 43 days ago

New Zealand GDP Gains 0.7% In Q4

New Zealand GDP Gains 0.7% In Q4

New Zealand's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, Statistics New Zealand said on Thursday.

RTTNews | 44 days ago

New Zealand Q4 Current Account Deficit NZ$5.9 Billion

New Zealand Q4 Current Account Deficit NZ$5.9 Billion

New Zealand posted a seasonally adjusted current account deficit of NZ$5.9 billion in the fourth quarter of 2024, Statistics New Zealand said on Wednesday.

RTTNews | 45 days ago

New Zealand Services Sector Falls Into Contraction

New Zealand Services Sector Falls Into Contraction

The services sector in New Zealand slipped into contraction territory in February, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 49.1.

RTTNews | 46 days ago

New Zealand Manufacturing PMI Climbs To 53.9 In February - BusinessNZ

New Zealand Manufacturing PMI Climbs To 53.9 In February - BusinessNZ

The manufacturing sector in New Zealand continued to expand in February, and at a faster rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.9.

RTTNews | 50 days ago

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