Strong economic performance from NZ construction sector

Today Statistics New Zealand released its Annual Enterprise Survey which revealed that total sales across all industries rose 1.4% (to $351.5 billion) for the 2013 financial year. This result was heavily supported by exceptionaly strong growth in the construction sectors which saw sales increase by 8.4%; an increase of $2.8 billion.

Revenue from all construction industries grew over the past financial period with the largest percentage increase coming from residential buildings. Construction services was another area that grew significantly.

In overall terms, total income across all industries was marginally down on the past year (0.1%), although due to proportioately larger reductions in expenditure, the country’s overall pre-tax surplus increased by 7.9%.

Click here to read the report .

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