Construction work hit $61b last year, expected to tail off... maybe

Construction work hit $61b last year, expected to tail off... maybe
Branz forecasts are 'patchy'. (Image: Getty)
Brent Melville
New Zealand’s construction sector's activity increased to a forecast $61 billion by project value last year, but it's expected to ease to under $55.7b within the next five years. That prognosis, from the latest national "construction pipeline" report, is probably wrong.The report, commissioned by the Ministry of Business, Innovation and Employment (MBIE), is a joint effort by the industry-funded Building Research Association of NZ (Branz) and construction research firm Pacifecon NZ.It looks at the pipeline of l...

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