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What is Building Permits data??
Posted by
16 December, 2014, 6:16 PM
Building permits is also called Residential Building Permits. It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
Effect on market: If Actual comes higher than Forecast then it is good for the currency.
It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
Impact: Basically important for Base metals like copper, aluminium, zinc, lead, nickel and gold.
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