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

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>