What is the construction outlook in new zealand?

The market is expected to reach an AAGR of more than 2% during 2024-2027, thanks to investment in transport, energy, housing, health and education infrastructure projects.

Learn more about the challenges and opportunities affecting the construction industries in Australia and New Zealand.

Growth is expected to slow down this year due to the impact of high material, energy and labor costs and the continued tightening of monetary policy by the Reserve Bank of New Zealand (RBNZ), on economic growth and the construction sector in the coming quarters. For the rest of the forecast period, between 2024 and 2027, the New Zealand construction industry is expected to record an average annual growth of 3.3%, supported by investment in transport, energy and housing projects. Construction markets in Australia continue to face challenges and are currently experiencing a short-term cooling, attributed to rising construction costs, labor shortages, increased risk and increased construction insolvencies.