More signs construction is slowing

The volume of ready-mixed concrete fell a seasonally adjusted 1.8% in the December 2022 quarter. (Image: Getty)

Mon, 13 Feb 2023

The latest concrete production figures add to the view that construction activity – particularly residential – is waning.The volume of ready-mixed concrete fell a seasonally adjusted 1.8% in the December 2022 quarter, following a 1.7% fall in the September 2022 quarter.Ready-mixed concrete statistics provide an indicator of construction activity, according to Stats New Zealand.The December quarter was the fourth fall in a row, bringing the cumulative decline over 2022 to 9%, from a December quarter 2021 peak that had a lot of post-D...

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