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


Christchurch Rebuild, Property Upturn Lift

Media Release

For release: 9 January 2013

Christchurch Rebuild, Property Upturn Lift Small Building Firm Confidence To New High – ANZ Business Micro Scope

Small building firms are gearing up to lift investment and take on more staff in 2013, driven by the Christchurch rebuild and a wider upturn in the property market, according to ANZ’s Business Micro Scope survey of small firms.

Investment and hiring intentions among builders, plumbers, electricians and gas-fitters have risen to their highest level in 13 years - surpassing levels seen during last decade’s property upturn. On a composite measure, sentiment across small firms in the construction sector is at its highest since 2007, the quarterly survey shows.

ANZ’s Managing Director, Business Banking, Fred Ohlsson, says: “Small building firms and tradespeople see a good year ahead with the Christchurch rebuild and a wider property upturn underpinned by low interest rates. Though Canterbury and Auckland have led the way, there is evidence that builders’ optimism is spreading to other regions and other sectors including household retailers and services such as architects and designers.”

Full media release and Business Micro Scope report attached




© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news