Carl Taylor: Combined Building Supplies Co-Op CEO on construction activity falling to a ten year low
New data shows how unstable the construction sector is right now, with building activity dropping to a 10-year low.
Infometrics says building activity fell 3.5% in the March quarter.
The value of non-residential work in the South Island rose more than 8% as Wellington and Auckland recorded significant drops.
Combined Building Supplies Co-Op CEO Carl Taylor told Heather du Plessis-Allan consents can tell them what may happen in the future – but only if people spend money.
He says it's tough out there, particularly in Auckland, but Canterbury seems insulated from issues.
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