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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.
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- Value of building work put in place: September 2023 quarter
- Non-residential building activity down in September quarter
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