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What does the increase in non-residential construction mean for economic growth?

Author
Newstalk ZB,
Publish Date
Wed, 6 Mar 2024, 8:03pm
Photo / 123RF
Photo / 123RF

What does the increase in non-residential construction mean for economic growth?

Author
Newstalk ZB,
Publish Date
Wed, 6 Mar 2024, 8:03pm

Non-residential building work has shot up in the December 2023 quarter, according to the latest data.

Commercial buildings have outpaced residential homes, with residential building activity dropping 2 percent in the December quarter.

Infometrics Principal Economist Brad Olsen explains what this means for economic growth ahead of the upcoming GDP results.

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