UPDATE: NZ economy gets boost from bubbling building sector

Thu, 15 Sep 2016

By Paul McBeth Sept. 15 (BusinessDesk) - (Updates and recasts with economist comment) New Zealand's booming construction sector remains one of the main pillars for the country's economic growth, benefiting from an expanding population in need of housing and spurring activity in other industries. Government data today showed the construction sector grew 5 percent in the three months ended June 30, making the biggest contribution to a 0.9 percent expansion in gross domestic product. That was the second quarter where it grew at a 5 perce...

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