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Forex News: NZD Building Consents out at +4.7

Posted by Basil Fayad on Thu, 08/28/2008 - 5:48pm in

NZD/USD

Building Consents Out at +4.7%

Previous -20.1%

Building Consents are the change in the number of new building approvals that are issued. It is a good gauge of construction activity in the future because the first thing required for construction is a permit. It also creates jobs, and expands into business for other goods and services such as supplies, and sub-contracting.

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