NZ building activity expands for 5th quarter in December, residential construction slows

Tue, 05 Mar 2013

March 6 (BusinessDesk) - New Zealand's building work grew for a fifth quarter in the final three months of 2012, though the pace of residential construction growth slowed in the period. The volume of all building work grew a seasonally adjusted 1.8 percent in the three months ended Dec. 31, slowing from a 9.8 percent pace of expansion in the September period, according to Statistics New Zealand. The increase in building work wasn't limited to the Canterbury rebuild, which was comparable to the rest of the country, Statistics NZ said. The v...

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