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

 


Value of Non-Residential Building Work Up

Value of Building Work Put in Place: September 2004

8 December 2004

Value of Non-Residential Building Work Up

The seasonally adjusted value of non-residential building work put in place increased 5 percent from the June 2004 quarter to the September 2004 quarter, according to Statistics New Zealand.

The trend has been rising since the March 2003 quarter. After adjusting for price changes, the value of non-residential building work put in place increased 13 percent from the September 2003 quarter to the September 2004 quarter.

The value of non-residential building work put in place was $1,153 million in the September 2004 quarter, up $222 million (24 percent) compared with the September 2003 quarter. Commercial buildings contributed $339 million (29 percent) to the total value, followed by miscellaneous buildings worth $300 million (26 percent), and hostels and boarding houses worth $174 million (15 percent).

The value of residential building work put in place was $1,925 million in the September 2004 quarter, up $227 million (13 percent) compared with the September 2003 quarter. For the year ended September 2004, the value was $7,144 million, up $1,213 million (20 percent) compared with the September 2003 year. The seasonally adjusted value of residential building work put in place decreased 4 percent from the June 2004 quarter to the September 2004 quarter. The trend has been rising since the March 2001 quarter. After adjusting for price changes, the value of residential building work put in place increased 3 percent from the September 2003 quarter to the September 2004 quarter.

In the September 2004 quarter, the total value of all building work put in place was $3,078 million, up $449 million (17 percent) compared with the September 2003 quarter. Seasonally adjusted, the value decreased 1 percent from the June 2004 quarter to the September 2004 quarter. The trend has been rising since the March 2001 quarter. After adjusting for price changes, the value of all building work put in place increased 7 percent from the September 2003 quarter to the September 2004 quarter.

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news