• Building work put in place +5.8% QoQ
• Residential work put in place +12.0% QoQ
• Non-residential work put in place -0.8% QoQ
Building Work Put in Place showed continued growth in construction activity, led by increased residential construction. Continued earthquake rebuilding was reflected in the 23% increase in the value of total building activity in Canterbury – much higher than the 5.1% across the rest of NZ.
Read full report: Economic Research
Commonwealth Bank