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02.08.202622:45:00UTC+00New Zealand Building Consents Decline Eases in June, Hinting at Stabilisation in Construction Sector

New Zealand’s construction sector showed tentative signs of stabilisation in June 2026, as the pace of decline in building consents slowed compared with the previous month. Month-over-month, building consents fell 3.6% in June, moderating from a sharper 4.9% drop recorded in May 2026.

The data, updated on 2 August 2026, indicates that while activity in the construction pipeline is still contracting, the rate of contraction has lessened. On a month-over-month basis, the latest figure suggests that the downturn in building consents may be losing momentum after a steeper fall earlier in the period. Investors and policymakers will be watching upcoming releases closely to see whether June’s softer decline marks the beginning of a more sustained stabilisation in New Zealand’s building sector.

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