New Zealand: Building work put in place in Q3 – Westpac

Dhwani Mehta FXStreet

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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