NZ building activity grows for fifth quarter in March

Thu, 02 Jun 2016

By Paul McBeth June 3 (BusinessDesk) - New Zealand building activity grew for a fifth quarter in the March period as Auckland dominated construction for both residential and commercial construction. The volume of building work put in place rose a seasonally adjusted 5.3 percent in the three months ended March 31, accelerating from a 2.8 percent pace in December and the fastest growth since March 2014, Statistics New Zealand said. Of that, the volume of residential activity rose 5.5 percent and non-residential 5 percent. Compared with...

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