Building Activity Flat In September Quarter

The media release about the Value of Building Work Put In Place - September 2000 quarter was, through error, sent out today prior to its scheduled 3.00pm release time. A note which immediately followed implied there was an error within the release. Statistics New Zealand would like to assure you that the information contained within this release is correct. Our apologies for any concern this may have caused. Thank you for using the Statistics New Zealand email Media Release service. Value of Building Work Put in Place: September 2000 quarter

Building Activity Flat In September Quarter

Figures released today by Statistics New Zealand show building work valued at $1,785.1 million was put in place in the September 2000 quarter. After adjusting for seasonal variations, this represents an increase of 1.3 per cent when compared to the previous quarter. This follows an increase of 13.3 per cent in the March 2000 quarter and a fall of 18.9 per cent in the June quarter.

The main contributor to the increase this quarter was a 5.0 per cent rise in the seasonally adjusted value of residential building work put in place. The Northland and Central Auckland regions recorded the largest increases.

Meanwhile the seasonally adjusted value of work put in place for non-residential buildings decreased by 4.2 per cent when compared to the June 2000 quarter. The main contributor to this decrease was a 14.4 per cent decrease in the seasonally adjusted value of work put in place on commercial buildings.

Ian Ewing Deputy Government Statistician

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