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

 

Decline in Building Activity

Decline in Building Activity

Value of Building Work Put in Place: June 2000 quarter

Building activity has declined, Statistics New Zealand's June quarter figures show, with seasonally adjusted total construction work put in place falling by 18.7 per cent.

The main driver of the fall has been in residential construction where the seasonally adjusted value of work put in place fell by 24.9 per cent. Non-residential construction also declined, but at a lesser rate of 7.2 per cent seasonally adjusted.

The latest figures suggest a drop in the rate of growth in the trend in construction activity since the September 1999 quarter, however, a higher level of activity reported on apartment building construction in the March 2000 quarter has partially masked the underlying pattern.

There has been a corresponding decline in building consents issued for both residential and non-residential buildings.

Commercial buildings comprised the greatest proportion of the non-residential work put in place, with $240 million worth of construction. This total is being driven by a number of retailing outlet projects.

Ian Ewing Deputy Government Statistician
END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>