New Zealand: Building work put in place in Q3 – Westpac
|Analysts at Westpac provide their first impressions of New Zealand’s construction sector activity report for the third quarter.
Key quotes
“Construction activity has continued to charge higher, with the amount of building work put in place rising by 3.8% in the September quarter.”
“Underlying September’s rise was a 3.1% lift in residential work and a 4.9% increase in non-residential construction.”
“The result was above our forecast for a 1.1% rise, and was also stronger than the average analyst forecast for only 0.8% growth.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.