Sharechat Logo

Building activity up in December quarter

Tuesday 8th March 2011

Text too small?

The seasonally adjusted volume of building activity rose 1.1% in the December quarter, compared to the three months to September, Statistics New Zealand (SNZ) says.

The overall volume increase included a 10.6% rise in non-residential building work and a 7.1% fall in residential work.

The rise in the volume of non-residential building work was the fourth in a row, and took it above the volume of residential building work for only the second time since the series began in 1989, SNZ said today.

The seasonally adjusted value of residential building work fell 7.1%, while the value of non-residential work lifted 11%, and the value of all work rose 0.6%.

Unadjusted, the value of residential building activity in the December quarter was 3.1% lower than a year earlier at $1.51 billion, while the value of non-residential building gained 18.8% to $1.34 billion, and for all buildings it was up 6.1% to $2.85 billion.

For the year to December, residential building activity was 6.5% up on a year earlier to $6.26 billion, non-residential work fell 1.6% to $4.82 billion, while the total value of all building work was up 2.8% to $11.08 billion.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report