Building permits
+0.4% m/m …MISS
– expected 1.0% m/m, prior -1.7%
-15.5% y/y … BEAT!
– expected -17.2% y/y, prior -13.9%
Those results are the seasonally adjusted, which is what the market focuses on as ‘headline’.
Building permits
+0.4% m/m …MISS
– expected 1.0% m/m, prior -1.7%
-15.5% y/y … BEAT!
– expected -17.2% y/y, prior -13.9%
Those results are the seasonally adjusted, which is what the market focuses on as ‘headline’.