Building work data comes in at +6.2% q/q
- central estimate was +1.1%
- prior revised to +3.4% from 2.7%
Biggest rise in 3years
Says Stats NZ:
- "Growth in building activity this quarter was driven by non-residential construction, including work on social and cultural buildings, offices, and universities,"
- volume of non-residential building activity rose 9.0 percent in the March 2019 quarter compared with the December 2018 quarter
- residential construction volumes rose 4.3 percent
---
Unrelated, but sort of - this from Australia earlier:
and
Let me the first, on this occasion, to wheel out the parity bus remark ….
