NZ building work put in place posts biggest quarterly gain in 10 years

Tue, 04 Dec 2012

Dec. 5 (BusinessDesk) – The volume of building activity recorded its biggest gain in 10 years in the third quarter, led by construction work in Canterbury and the upper North Island. Building activity rose 9.6 percent in the third quarter and was valued at $2.9 billion in unadjusted terms, according to Statistics New Zealand. Residential building work made up 56 percent of the total. "While the earthquake rebuild in Canterbury contributed to this, residential building work in the upper North Island also experienced growth," industry and labo...

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