NZ construction data for Q1 2018: -0.9% q/q (expected +0.5%) - ConsultFX

NZ construction data for Q1 2018: -0.9% q/q (expected +0.5%)

New Zealand 'value of all building work' data for the January to March 2018 quarter -0.9% q/q for a big miss  - expected 0.5% q/q, prior 1.4% - residential construction -0.5% q/q NZD doing little on the data release despite the substantial miss.