New Report Available: Construction in New Zealand - Key Trends and Opportunities to 2018

New Zealand's construction industry recorded a compound annual growth rate (CAGR) of 5.90% during the review period (2009-2013). The industry posted growth of 10.2% and 11.5% in nominal terms, in 2012 and 2013 respectively, due to reconstruction work in the Canterbury region, following earthquakes in 2010 and 2011. The outlook for construction is favorable, as a result of the government's focus on country's infrastructure, commercial and residential construction projects and continuous reconstruction work in the earthquake affected regions. Growth in the oil and gas industry, and government efforts to improve education and healthcare will also support the industry. Consequently, the construction industry's output is expected to record a CAGR of 12.95% over the forecast period (2014-2018).

Full Report Details at
- http://www.fastmr.com/prod/925157_construction_in_new_zealand_key_trends_and.aspx?afid=301

Report Highlights

* According to Statistics New Zealand, in real terms, the seasonally adjusted total value of construction works rose from NZD4.0 billion (US$3.3 billion) during the first half of 2013 to NZD4.7 billion (US$3.8 billion) in the first half of 2014. Of the total value, the seasonally adjusted value of residential buildings increased from NZD2.2 billion (US$1.8 billion) in the first half of 2013 to NZD2.7 billion (US$2.2 billion) in the first half of 2014, whereas the value of non-residential buildings increased from NZD1.8 billion (US$1.5 billion) to NZD2.0 billion (US$1.6 billion) during the same period. The total value of building consents issued, increased from NZD8.8 billion (US$7.2 billion) during the first three quarters of 2013 to NZD10.7 billion (US$8.6 billion) during the first three quarters of 2014, while the seasonally adjusted number of new dwellings consents issued rose from 15,290 to 18,109 during the same period. The forecast-period outlook for construction in New Zealand remains positive due to investments in a number of construction projects, initiatives to develop land transport infrastructure, government funds for education and healthcare, and other reconstruction and modernization projects.

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