New Zealand construction work at lowest level in decade
Building activity in New Zealand has fallen to its lowest level in 10 years and construction of new homes is at its lowest in 18 years, the government statistics agency announced Thursday.
The amount of building work fell 6.6 percent in the quarter to June with the drop in residential building leading the fall, following a similar fall in the March quarter, according to Statistics New Zealand.
Residential building activity fell 12 percent in the June quarter, bringing its decline in the year to 24 percent, the lowest in 18 years, following a record low in new home consents earlier this year.
Non-residential building activity fell 1.4 percent in the June quarter, following a fall of 10 percent the previous quarter.wholesales mac Lip gloss
A special survey of the Canterbury region, which has been rocked by earthquakes for the last year, showed it performed slightly better than the rest of the country in the June quarter, said Statistics New Zealand industry and labor statistics manager Kathy Connolly.
"It seems that residential building work in Canterbury fell by slightly less than in the rest of the country, while non- residential building work appears to have risen," she said.
In the year to the end of June, the value of all building work was 10.59 billion NZ dollars (8.82 billion U.Louis Vuitton Handbags wholesaleS. dollars), down 1.2 percent,Cheap moncler jackets with homes accounting for 5.Tory burch handbags79 billion NZ dollars, down 5. 1 percent, and non-residential building work 4.79 billion NZ dollars, up 3.9 percent.
Building activity in New Zealand has fallen to its lowest level in 10 years and construction of new homes is at its lowest in 18 years, the government statistics agency announced Thursday.
The amount of building work fell 6.6 percent in the quarter to June with the drop in residential building leading the fall, following a similar fall in the March quarter, according to Statistics New Zealand.
Residential building activity fell 12 percent in the June quarter, bringing its decline in the year to 24 percent, the lowest in 18 years, following a record low in new home consents earlier this year.
Non-residential building activity fell 1.4 percent in the June quarter, following a fall of 10 percent the previous quarter.wholesales mac Lip gloss
A special survey of the Canterbury region, which has been rocked by earthquakes for the last year, showed it performed slightly better than the rest of the country in the June quarter, said Statistics New Zealand industry and labor statistics manager Kathy Connolly.
"It seems that residential building work in Canterbury fell by slightly less than in the rest of the country, while non- residential building work appears to have risen," she said.
In the year to the end of June, the value of all building work was 10.59 billion NZ dollars (8.82 billion U.Louis Vuitton Handbags wholesaleS. dollars), down 1.2 percent,Cheap moncler jackets with homes accounting for 5.Tory burch handbags79 billion NZ dollars, down 5. 1 percent, and non-residential building work 4.79 billion NZ dollars, up 3.9 percent.