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Building boom still going suggest December quarter figures

The building boom slowed in the December quarter, according to Statistics New Zealand's latest figures out today.

Saturday, March 06th 2004

These showed the value of residential building work completed up 2.9 per cent to $1.748 billion in the December quarter over the September quarter.

The rise over the December 2002 quarter was a more impressive 23 per cent.

The value of non-residential building work fell to $892 million in the December 2003 quarter from the $930.7 million in the September quarter -- a fall of 4.2 per cent.

Non residential work in the December quarter was up 2 per cent on the year ago quarter.

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