New Zealand Q3 Construction work +1.5% q/q (vs. +2.6% expected)

New Zealand Q3 Construction work +1.5% q/q … growing for the 10th quarter in a row

• +2.6% expected
• prior +0.5% (revised from +1.0%)

• Residential construction -0.7% q/q (prior was -0.2% in Q2, for the first fall in consecutive quarters since the first half of 2011)
• Non-residential +4.4% q/q (rise for 3rd quarter in a row)