ONLY CHARTS #402
NZ construction activity, Aus sectoral hours worked, Aus international trade, Aus household spending, Aus new vehicle sales
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1. The volume of total building in New Zealand fell 1.8% q/q in Q2. Real residential building fell 2.9% q/q…
…but building permits suggest that we are at, or close to, the low.
2. The volume of non-residential building in New Zealand fell 0.4% q/q in Q2 and the decline in Q1 was revised to be much smaller.
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