Pressures ease in building materials supply chain

Pressures ease in building materials supply chain
Building product prices have increased by 45% on average over the past two years. (Image: BusinessDesk)
Staff reporters
Building product prices are predicted to stabilise or even decrease, according to the 2023 Eboss Q1 construction supply chain update.Price increases have halved over the past six months and are set to continue to do so as global pressures lessen and inventories continue to be well stocked. The report revealed that building material prices had increased on average by 19% in the past year, which is a compound increase of 45% over the past two years. However, some building product prices were now decreasing, with 11% of suppliers surveye...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024