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1 April 2009

Construction Industry Update From BERL

As Jiani Wu points out in the latest BERL Forecast, there is plenty of activity.

Residential building consent numbers for the year to January 2009 (totaling 17,525) were over 30% below those of the previous year. In contrast, the number of non-residential consents issued was down by 0.4%, but up 7% in value terms.

Looking ahead, the outlook for the non-residential building sector remains positive. Although, it would be correct to say that we are becoming more than a bit impatient with the much-promised boost to infrastructure investment.

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