New Zealand - Value of All Building Work for Q4
- expected +2.0% and prior +0.5%
From Stats NZ:
- Residential construction up 2.8% q/q
- non-res up 2.3% q/q
- Building activity reached a record high in the December 2015 quarter
- "This is the most building activity we've seen since the series began 26 years ago, with total activity slightly higher than the previous record," business indicators senior manager Neil Kelly said.
- "Paid hours in the construction industry also reached a new high, and ready-mixed concrete production surpassed one million cubic metres for the first time."
The NZ economy still cooking.
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This data point estimates of the actual dollar value of work put in place on construction jobs in New Zealand. Building cow sheds and such. ;-)
