Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Building Construction Activity Steady

Value of Building Work Put in Place: March 2002 quarter

Building Construction Activity Steady


The value of all building work put in place was $1,650.3 million in the March 2002 quarter, according to Statistics New Zealand. The trend series for the value of all building work put in place has shown little change since the December 2001 quarter, up 0.6 percent. This number reflects an increase in the work put in place for residential buildings, partially offset by a decrease in non-residential building work. The trend has been increasing since the March 2001 quarter.

Due to the volatility in building data in recent quarters, changes in the value of building work put in place should be interpreted with caution, especially in regard to the seasonally adjusted and trend series.

The actual value of all building work put in place for the year ended March 2002 was $7,171.4 million, which was a 6.7 percent increase on the year ended March 2001.

The value of work put in place for residential buildings was $936.5 million in the March 2002 quarter. There has been a 1.5 percent increase in the trend series for residential building work from the December 2001 quarter.

The actual value of residential building work put in place for the year ended March 2002 was $4,038.4 million, which was a 2.4 percent increase on the year ended March 2001.

The value of non-residential building work put in place was $713.8 million in the March 2002 quarter. The non-residential building work trend series has decreased by 0.6 percent from the December 2001 quarter.

The actual value of non-residential building work put in place for the year ended March 2002 was $3,132.9 million, which was a 12.9 percent increase on the year ended March 2001.

Brian Pink Government Statistician END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tornado Aftermath: More Storms Forecast For New Plymouth

Up to 30 homes were damaged Monday night when a tornado roared through a New Plymouth suburb last night , cutting power lines, tearing off roofs, and toppling trees. More>>

ALSO:

Government Investment Rejig: Sustainable Food & Fibre Futures Launched

Growing New Zealand’s food and fibre sectors sustainably and supporting a thriving economy are the hallmarks of a new investment programme announced today by Agriculture Minister Damien O’Connor. More>>

Dump Levy Options: Waste Work Programme Announced

Associate Environment Minister Eugenie Sage has announced a programme of work to take action on New Zealand’s long-neglected waste problems. More>>

ALSO:

Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

ALSO:

Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO: