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

 


Residential Building Work Eases

Value of Building Work Put in Place: September 2005 quarter

9 December 2005

Residential Building Work Eases

The seasonally adjusted value of residential building work put in place fell 4.6 percent in the September 2005 quarter, following a fall of 1.5 percent in the June 2005 quarter, Statistics New Zealand said today. Work on residential buildings accounted for 58 percent of all building work in the September 2005 quarter, compared with a quarterly average of 65 percent during 2003 and 2004.

For non-residential buildings, the seasonally adjusted value of work put in place fell 5.9 percent in the September 2005 quarter, following a rise of 17 percent in the June 2005 quarter. After removal of price changes, the seasonally adjusted value fell 7.1 percent in the September 2005 quarter, following a rise of 16 percent in the June 2005 quarter.

The value of all building work put in place in the September 2005 quarter is estimated at $3,262 million, up $184 million compared with the September quarter last year. The trend for the value of all building work put in place fell slightly in the September 2005 quarter. This follows a four-year period in which rises were recorded for almost every quarter.

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news