- Household borrowing accelerated to 13.6%pa in June
- Non-residential consents softened in June, but the June quarter was relatively strong, with Factory and commercial consents elevated
- Residential consents lifted strongly in June, on the back of robust house price growth. Wellington was a top performer
Most of this weeks data was expected. However, after the RBNZ said household borrowing was easing, the continued growth in borrowing came as a surprise.
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