NZ building activity hits three-year high in March quarter

Thu, 06 Jun 2019

By Rebecca Howard June 7 (BusinessDesk) - New Zealand's building activity hit a three-year high in the March quarter as non-residential building volume growth continued to push higher and as residential construction was also strong. The volume of building work put in place increased a seasonally adjusted 6.2 percent in the three months ended March 31 after a 3.4 percent lift in the December quarter, Stats NZ said. It was the strongest growth since the March 2016 quarter when it rose 6.5 percent. The market had expected a lift of 1.1 per...

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