Tuesday February 8, 2011

New Zealand building industry facing slight decline

The total value of building authorisations in New Zealand is estimated to fall by five per cent for the year ended March 2011 due to a downturn in non-residential building, according to leading industry analyst and economic forecaster, BIS Shrapnel.  
 
BIS Shrapnel’s Building and Construction in New Zealand 2010/11 – 2016 report found the decline in non-residential building can be attributed to steep contractions in office and sports stadium-related projects.  

Contact: Adeline Wong