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Source: MIL-OSI Submissions

Commercial construction slows, residential
holds up – Media release

5 March 2021

The volume of work on non-residential buildings
fell a seasonally adjusted 4.9 percent in the December 2020 quarter, compared
with the September 2020 quarter, Stats NZ said today.

The estimated volume of non-residential construction
work fell sharply in the June 2020 quarter after the COVID-19 national
lockdown in April. It then bounced back in the September quarter, before
dropping again in the December quarter.

Volume estimates show real changes in building
activity over time, by accounting for typical seasonal patterns and construction
cost changes.

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