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


Rise in value of building work

Embargoed until 10:45am – 7 December 2007

Rise in value of building work

The value of all building work put in place rose 2.1 percent in the September 2007 quarter (after removal of price changes and seasonal fluctuation), Statistics New Zealand said today. This follows a fall of 0.6 percent in the June 2007 quarter.

Residential building work rose 5.1 percent in value in the September 2007 quarter (after removal of price changes and seasonal fluctuation), while non-residential building work fell 2.6 percent.

Trend values for all buildings, after removal of price changes, have increased at about 1 percent per quarter for the last four quarters. Residential building work has risen for the past five quarters while non-residential building work has declined from the March 2006 quarter high-point.

All building work, in unadjusted values, amounted to $3,587 million in the September 2007 quarter, with residential and non-residential building work accounting for 64 percent and 36 percent of this value, respectively.

Geoff Bascand
Government Statistician
7 December 2007


© 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>>


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>>


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>>


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>>