NZ building consents drop at fastest pace in more than 2 years in September

Thu, 30 Oct 2014

By Tina Morrison Oct. 31 (BusinessDesk) - New Zealand building consents fell at the fastest monthly pace in more than two years in September amid uncertainty around that month's general election. The number of seasonally adjusted consents dropped 12.2 percent to 1,821 in September, the third consecutive drop and the biggest decline since April 2012 when consents slid 14.4 percent, Statistics New Zealand said. Excluding apartments, which can be volatile, consents dropped 10.4 percent to a seasonally adjusted 1,597, the biggest decline sinc...

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