The volume of residential building work done in New Zealand dropped 23.1% year-on-year in the third quarter compared to the 24.8% decline in the previous quarter, Statistics New Zealand reported on Tuesday. On a quarterly basis, residential building work fell 5.4%, the eighth consecutive quarterly fall.
The volume of non-residential building work done slumped 10.3% annually in the third quarter compared to the 2.1% rise in the previous quarter.
At the same time, total building work done dipped 17.6% on year, faster than the 14.1% slide in the prior quarter. On a sequential basis, all building work done dropped 4.9%, the seventh successive quarterly fall.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.