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New Zealand's Total Building Volume Rise in June Quarter

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New Zealand's seasonally adjusted total building volume rose 4.8% in the June quarter compared with the March quarter, Friday's data from Stats NZ showed.

Residential building volume rose 4.8%, while non-residential volume increased 3.3%.

Meanwhile, excluding cost changes or seasonal effects, the actual value of building work rose 5.2% year on year to NZ$8.2 billion in the June quarter.

Residential building work increased 11% to NZ$5.2 billion, while non-residential work fell 3.4% to NZ$2.9 billion.

The actual value of total building work increased across most regions, led by a 3.7% rise in Auckland to NZ$3.2 billion.

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