NZ building activity slows in September quarter as commercial work flatlines

Tue, 04 Dec 2018

By Paul McBeth Dec. 5 (BusinessDesk) - New Zealand's building activity slowed in the September quarter as flat commercial construction offset a pick-up in residential work. The volume of building work put in place increased a seasonally adjusted 0.7 percent in the three months ended Sept. 30, down from the 0.8 percent pace in the June quarter, Statistics New Zealand said. A 1.2 percent increase in residential activity was driven by Auckland, where consents for new builds exceeded 13,000 for the first time in October. Non-residential work...

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