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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Building Permits s.a. MoM fell to -0.6% in November 2013
FMPMonthlyReleased November 2013
New Zealand Building Permits s.a. MoM fell to -0.6% in November 2013, down 2.0% from October's 1.4% reading. The reading missed the 1.7% consensus by 2.3%. The print is running well below the 12-month average of 2.7%. Building Permits s.a. MoM is now the lowest in 6 months.
Latest Release
-0.6
Actual
1.7
Consensus
1.4
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Bullish NZD | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Bearish AUD | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Bullish NZD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The November 2013 reading fell from the previous value of 1.4. Historically, this indicator is positively correlated with NZD/USD (Bullish NZD) and positively correlated with NZD/JPY (Bullish NZD).
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Building Permits s.a. MoM - NZ
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