NZ value of building work put in place rises 2.8% in fourth quarter

Wed, 02 Mar 2016

By Jonathan Underhill March 3 (BusinessDesk) - The value of residential building work put in place rose in the fourth quarter of 2015, led by Auckland, while total building activity increased to its highest level since records began 26 years ago. The seasonally adjusted value of residential building work rose 2.8 percent in the fourth quarter from three months earlier, Statistics New Zealand said. A 2.3 percent gain for non-residential building contributed to an overall 2.5 percent gain in building work. Total building work put in plac...

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