Construction output in New Zealand decreased 4.20 percent in March of 2020 over the same month in the previous year.
Construction Output in New Zealand averaged 8.94 percent from 1966 until 2020, reaching an all time high of 46.20 percent in the first quarter of 1982 and a record low of -27.80 percent in the second quarter of 1991. This page provides - New Zealand Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Construction Output - values, historical data and charts - was last updated on August of 2020. source: Statistics New Zealand
Construction Output in New Zealand is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in New Zealand to stand at 3.50 in 12 months time. In the long-term, the New Zealand Construction Output is projected to trend around 6.80 percent in 2021 and 7.60 percent in 2022, according to our econometric models.