
House building plummets 40pc in two years
The amount of residential building work put in place has fallen by almost 40 per cent since the most recent peak.
The amount of residential building work put in place has fallen by almost 40 per cent since the most recent peak.
Building consents were up 11 per cent in October.
The year ending in September had the second highest number of deaths in NZ in recorded history after the year to September 2008.
Producers' output and input prices fell in the September quarter.
Wages growth remained feeble in the September quarter as the recession took its toll on pay packets.
New building consent figures point to signs of recovery in house building but show the non-residential sector sinking further into a slump.
Tourism has lost its title as the nation's biggest export earner, falling behind the dairy sector.
Broadband subscriber numbers rose 27 per cent in the 15 months to June to 1.1 million, Statistics New Zealand (SNZ) says.
Kiwis in their 20s now have the highest divorce rate of any age group. What's going wrong?