Sales revenue for the construction industry grew at nearly six times the rate of all other sectors in the 2013 financial year

ANZ has stopped lending to rental property investors borrowing for 'off the plan' apartments

Sales revenue in the construction industry grew at six times the overall rate for New Zealand businesses in the 2013 financial year, according to Statistics NZ's Annual Enterprise Survey.

The survey tracks a variety of performance measures for a wide range of New Zealand businesses, based on their annual results.

It found that for the 2013 financial year (for most respondents that was the financial year ending March or June 2013) total sales increased by 1.4%, compared to the previous year.

But in the construction industry, annual sales growth was 8.3%.

Not so fortunate was the agriculture, forestry and fishing sector which suffered 2.7% decline in sales compared to the previous year.

A notable feature of the survey was that the total income of all businesses (which includes income received from dividends and interest on loans, usually to related parties, as well as sales revenue from providing goods and services) declined by 0.1% for the year, even though sales revenue was up.

That was due to a 13.4% decline in income from dividends, interest and donations compared to the previous year, Statistics NZ said.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment or click on the "Register" link below a comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.

1 Comments

How much of the increase was due to the Christchurch rebuild?