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Statistics New Zealand released its building permits data on late Sunday evening. Building permits in New Zealand plunged 8.2% in January, after a 2.3% gain in December.
Residential work rose 17% year-on-year in January, while non-residential work dropped 12%.
"While January is usually a quiet month for building consents, Canterbury had the lowest January number in five years," business indicators senior manager Neil Kelly said.
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