NZ building work activity edges up in June quarter, house-building flat

Tue, 02 Sep 2014

By Paul McBeth Sept. 3 (BusinessDesk) - New Zealand building work edged up in the second quarter as increased activity in non-residential construction offset flat activity in housing. The volume of building work put in place rose a seasonally adjusted 1 percent in the three months ended June 30, slowing from a 15 percent pace in the March quarter, according to Statistics New Zealand. That was led by a 2.5 percent lift in non-residential construction activity, while residential activity was unchanged having climbed 14 percent in the March...

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