Building work sluggish in September quarter

(Image: Deposit Photos)

Tue, 05 Dec 2023

New Zealand’s building activity shrank in the September quarter for residential and commercial work, with the capital city notching up a sharp slump in the period. The volume of building work put in place shrank a seasonally adjusted 2.4% in the three months ended Sept 30 from the June quarter, with residential work contracting 0.6% and non-residential shrinking 5.9%, Statistics NZ figures showed. The value of work across the country fell a more modest 1.4%. “The September 2023 quarter marked the first time...

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