Building stats show no ease in construction boom
New building figures released by Statistics New Zealand (SNZ) today show the construction boom warned of by Reserve Bank Governor Alan Bollard yesterday is not slackening.
Tuesday, September 9th 2003, 3:48AM
by The Landlord
SNZ said its trend series, which excludes seasonal and one-time factors, showed that the value of residential building work has been increasing since the first quarter of 2001.
On a trend basis, the value of second quarter residential building work was up 7.2% from the first quarter.
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