NZ building consents rise 1.3 percent in May on Auckland, Christchurch construction

Thu, 27 Jun 2013

June 28 (BusinessDesk) - New Zealand’s new building consents rose in May, adding to a surge in April, as construction intentions Auckland and Christchurch underpinned growth in the sector. New building permits rose 1.3 percent to a seasonally adjusted 1,818 last month, with a big build up in Auckland apartments, Statistics New Zealand said. The rose 21 percent in April. Stripping out apartments, seasonally adjusted permits slipped 0.3 percent to 1,591. On an unadjusted basis, building consents climbed 44 percent to 1,971 in May from the sam...

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