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

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

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1 Comments

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

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