Volume of building activity falls in June qtr; demand seen strong

Volume of building activity falls in June qtr; demand seen strong
Rebecca Howard
By Rebecca Howard Sept. 5 (BusinessDesk) - The volume of building activity fell more than expected in the June quarter but ongoing demand – in particular for residential housing – is expected to support the sector. The total volume of building activity fell 1.5 percent in the June quarter after lifting 5.7 percent in the March quarter, Stats NZ said. Economists polled by Bloomberg had expected a 1.3 percent lift. ASB Bank senior economist Jane Turner lowered her second-quarter gross domestic product forecast to 0.4 percent from 0.6...

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Unemployment remained unchanged at 5.1% in the March quarter, Stats New Zealand said on Wednesday.The seasonally adjusted number of unemployed people was 156,000, the same as the December 2024 quarter.Meanwhile, the seasonally adjusted underutilisation rate – a measure of spare c...

Staff reporters 07 May 2025