ONLY CHARTS #324
NZ concrete production, Aus resi vacancy rates & rents, NZ resi rents, Canada labour market
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1. The volume of concrete production in New Zealand rose +1.6% q/q in Q1 but remained at a relatively low level.
2. We have previously flagged that the various sources of residential rental vacancy rate data for Sydney had become mixed in recent months. The REINSW measure - based on surveys of members - had continued to rise while listings-based measures (CoreLogic and SQM) had rolled over and declined somewhat.
April data are now in for the REINSW and SQM series, with the former showing a sizeable fall and matching the SQM print.
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