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


Non-residential Building Work Falls

8 December 2006

Non-residential Building Work Falls

The value of work put in place on non-residential buildings fell 9.2 percent in the September 2006 quarter (on a seasonally adjusted basis), Statistics New Zealand said today. This follows a fall of 5.0 percent in the June 2006 quarter, but the value remains at a high level. When the impact of price changes is removed, the trend in the value for non-residential building work is falling, after almost three years of real growth.

For residential buildings, the value of work put in place rose 7.0 percent (seasonally adjusted) in the

September 2006 quarter, following a fall of 8.0 percent in the June 2006 quarter. The trend for the value of residential building work is flat for the latest quarter but shows a fall for the latest three quarters if price changes are removed.

The value of all building work put in place in the September 2006 quarter is estimated at $3,321 million, up $59 million (1.8 percent) from the September quarter last year. After removal of price changes, there is a 4.0 percent decrease.

Work on non-residential buildings accounted for 41 percent of the value of all building work put in place in the year ended September 2006, compared with 39 percent for the previous September year.

Brian Pink

Government Statistician


© 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>>


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>>


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>>


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>>


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>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news