NZ building work put in place rises 1.5% in 3rd-qtr, led by non-residential activity

Tue, 02 Dec 2014

By Suze Metherell Dec. 3 (BusinessDesk) - New Zealand building work accelerated in the September quarter as increased activity in non-residential construction offset a decline in residential building. The volume of building work put in place rose a seasonally adjusted 1.5 percent in the third quarter, accelerating from a 1 percent gain three months earlier, according to Statistics New Zealand. Non-residential construction rose 4.4 percent, while residential building slipped 0.7 percent. The value of work rose 2.2 percent across all b...

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