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New Zealand Q3 Volume Of Building Work Rises 2.7%

The total volume of building activity in New Zealand was up a seasonally adjusted 2.7 percent on quarter in the third quarter of 2017, Statistics New Zealand said on Tuesday.

That beat forecasts for an increase of 2.0 percent following the 0.2 percent decline in the three months prior.

Residential building activity was up 4.1 percent on quarter, the bureau said, while non-residential building activity added 0.6 percent.

The value of all building work was NZ$5.5 billion - up 6.4 percent on quarter.

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