NZ industrial, accommodation building work offsets slowing residential work in 4Q

Tue, 06 Mar 2018

By Rebecca Howard March 7 (BusinessDesk) - The value of New Zealand building work rose in the fourth quarter as a flurry of activity in industrial and commercial accommodation properties such as hotels made up for slower residential construction. The seasonally adjusted value of total building work rose 2.3 percent on quarter in the three months ended Dec. 31 having gained 4.1 percent in the September quarter, Statistics New Zealand figures show. Non-residential work lifted 5 percent in the quarter, accelerating from a 1.9 percent pace i...

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