New Zealand Structure Volume Gains 0.7% In Q3

By | December 4, 2018

The volume of all structure in New Zealand was up a seasonally adjusted 0.7 percent on quarter in the 3rd quarter of 2018, Stats New Zealand said on Wednesday.

That was shy of expectations for an increase of 2.3 percent and below 0.8 percent in the three months prior.

Residential structure activity increased 1.2 percent on quarter, while non-residential structure was the same.

The actual worth of all building work was NZ$ 5.8 billion – up 6.1 percent on year.

The areas with the highest total worths in the 3rd quarter were: Auckland – NZ$ 2.4 billion; and Canterbury – NZ$ 939 million.

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