New Zealand
This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Building Activity Flat In June Quarter

The seasonally adjusted volume of building activity was $8.9 billion in the June 2023 quarter, down 0.1 percent compared with the March 2023 quarter, according to figures released by Stat NZ today.

The volume of residential building work was down 2.0 percent to $5.8 billion, while non-residential building work was up 3.7 percent to $3.1 billion over the same period.

“The June 2023 quarter marked the third quarter in a row where the volume of building work has fallen for residential buildings but risen for non-residential buildings,” construction statistics manager Michael Heslop said.

“These contrasting movements led to overall building activity in the June 2023 quarter being relatively flat.”

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

© Scoop Media

Did you know Scoop has an Ethical Paywall?

If you're using Scoop for work, your organisation needs to pay a small license fee with Scoop Pro. We think that's fair, because your organisation is benefiting from using our news resources. In return, we'll also give your team access to pro news tools and keep Scoop free for personal use, because public access to news is important!

Go to Scoop Pro Find out more