New Zealand economy boosted by cement production
Published by Joseph Green,
Editor
World Cement,
Bloomberg is reporting that New Zealand’s economy grew at the fastest annual pace in two years last quarter as construction boomed and manufacturing rebounded.
The housing boom is stoking New Zealand’s economy, which is among the fastest growing in the developed world.
Second-quarter growth was led by a 1.9% gain in goods-producing sectors, as construction surged and manufacturing increased for the first time in three quarters.
The housing boom aided growth through increased production of cement, and through more property transactions, as well as home building:
- Construction increased 5% from the first quarter, when it rose a revised 5.1%.
- Manufacturing was led higher by a jump in cement and concrete production.
- Services, which make up 70% of the economy, expanded 0.7%.
Edited from source by Joseph Green. Source: Bloomberg
Read the article online at: https://www.worldcement.com/asia-pacific-rim/15092016/new-zealand-economy-boosted-cement-production-268/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
New entrepreneur network brings start-ups and leading cement producers together in pursuit of net zero goal
The GCCA has launched the third programme in its Innovandi brand, the Innovandi Entrepreneur Network.
