Non-residential Building Activity Down In September Quarter

The seasonally adjusted volume of building activity in New Zealand was $8.6 billion in the September 2023 quarter, down 2.4 percent compared with the June 2023 quarter, according to figures released by Stats NZ today.

The volume of non-residential building work was down 5.9 percent to $2.9 billion and residential building work was also down 0.6 percent to $5.7 billion over the same period.

“The September 2023 quarter marked the first time since the December 2022 quarter that there was a fall in the volume of non-residential building activity,” construction and property statistics manager Michael Heslop said.

Seasonally adjusted volume estimates remove the effects of price changes and typical seasonal patterns.

Visit our website to read this news story and information release and to download CSV files:
 

• Value of building work put in place: September 2023 quarter
• Non-residential building activity down in September quarter
• CSV files for download

© Scoop Media