Pursuits
N.Z. Second-Quarter Building Approvals Fall, Curbing Growth
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New Zealand’s home-building approvals declined in the second quarter, delaying a recovery in residential construction and curbing economic growth.
Permits dropped 6.6 percent in the three months ended June 30 from the first quarter, when they fell 0.1 percent, Statistics New Zealand said in Wellington today, citing seasonally adjusted figures. Excluding apartments, approvals rose 0.7 percent.