Mon Jul 28, 5:45pm (GMT +7:00) : NZD : High Impact Expected : Building Consents m/m

Source Statistics New Zealand (latest release)
Measures Change in the number of new building approvals issued;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, about 30 days after the month ends;
Next Release Aug 28, 2008
Why Traders
Care It's an excellent gauge of future construction activity because obtaining government approval is one of the first steps in constructing a new building. Building construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder; Also Called Building Permits;