新西蘭建筑業(yè)市場(chǎng)前景及投資研究報(bào)告-培訓(xùn)課件外文版2024.4恒大碧桂園萬(wàn)科萬(wàn)達(dá)

INDUSTRIES

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MARKETSConstructionindustryinNewZealandCHAPTER

01OverviewGrossdomesticproduct(GDP)oftheconstructionindustryinNewZealandfrom2018to2023(inmillionNewZealanddollars)GDPconstructionindustryNewZealand2018-202320,00017,65117,58817,31317,21918,00016,00014,00012,00010,0008,0006,0004,0002,000016,21915,7002018201920202021202220234Description:NewZealand'sconstructionindustryhasseenrelativelycontinuousgrowthoverthepastfiveyears,contributingaround17.6billionNewZealanddollarsingrossdomesticproduct(GDP)intheyearendedSeptember2023.Whiletheindustryisexpectedtocontinuegrowing,meetingtheinfrastructureandhousingneedsofthecountry`sgrowingpopulationwillnotbewithoutitsfairshareofchallenges.ReadmoreNote(s):NewZealand;2018to2023;yearsendedSeptemberSource(s):StatisticsNewZealandNumberofenterprisesintheconstructionindustryinNewZealandfrom2014to2023(in1,000s)NumberofenterprisesinconstructionNewZealand2014-202390807080.6177.3970.9167.6365.6962.5160.4757.21605040302010054.9252.5420142015201620172018201920202021202220235Description:In2023,therewerearound80.6thousandbusinessorserviceentitiesintheconstructionindustryinNewZealand.Thiscontinuedanupwardstrendinconstructionindustryenterprisesinthecountry.ReadmoreNote(s):NewZealand;2014to2023;yearsendedFebruarySource(s):StatisticsNewZealandNumberofenterprisesintheconstructionindustryinNewZealandfrom2014to2023,bysector(in1,000s)NumberofenterprisesinconstructionNewZealand2014-2023,bysectorHeavyandcivilengineeringconstruction60BuildingconstructionConstructionservices49.165047.0843.3141.6140.4338.4440302010037.2235.2133.8732.6129.3228.2825.6924.1223.422.2621.4720.319.4118.352.141.581.641.71.781.811.861.91.922.0320142015201620172018201920202021202220236Description:In2023,therewereover80thousandbusinessorserviceentitiesintheconstructionindustryinNewZealand.Thelargestnumberofbusinesseswereintheconstructionservicessector,accountingforover50percentofallconstructionindustrybusinessesoperatinginNewZealandin2023.ReadmoreNote(s):NewZealand;2014to2023;yearsendedFebruarySource(s):StatisticsNewZealandNumberofemployeesintheconstructionindustryinNewZealandfromfirstquarter2010tothirdquarter2023(in1,000s)QuarterlynumberofemployeesinconstructionNewZealand2010-2023230210190170150130110907050Q1

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20237Description:Duringthethirdquarterof2023,theconstructionindustryinNewZealandemployedaround216thousandsalaryorwageearners.Thisvaluerepresentedthosedirectlyemployedinthatindustry,withthenumberofemployeesinconstruction-relatedoccupationsmuchhigher.ReadmoreNote(s):NewZealand;Q12010toQ32023Source(s):StatisticsNewZealandNumberofemployeesintheconstructionindustryinNewZealandin2023,bysector(in1,000s)ConstructionjobsNewZealand2023,bysector14012010080116.7605539.540200HeavyandcivilengineeringconstructionBuildingconstructionConstructionservices8/statistics/1450261/new-zealand-employee-count-construction-by-sectorIn2023,theconstructionservicessegmentemployedthelargestshareofpeopleintheconstructionindustryinNewZealand,withover116thousandemployees.Thebuildingconstructionsectorfollowedwitharoundhalfthenumberofemployees.

ReadmoreNote(s):NewZealand;2023;yearendedFebruarySource(s):StatisticsNewZealandQuarterlyvalueofbuildingworkinNewZealandfromfirstquarter2019tothirdquarter2023(inmillionNewZealanddollars)QuarterlybuildingworkvalueNewZealand2018-202310,5009,5009,2819,2939,1379,1488,5398,5008,2027,7947,5367,5006,5005,5004,5007,0906,9576,8776,8056,7386,5576,5236,2326,110Q15,886Q14,980Q2Q2Q3Q4Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019

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2023*9/statistics/1081793/new-zealand-quarterly-value-of-buildingsDuringthethirdquarterof2023,buildingworkinNewZealandwasvaluedatapproximately9.3billionNewZealanddollars.Thiswasthehighestvaluethroughoutthefour-yearquarterlytimeperiod,havingrecoveredfromasignificantdropin2020.

ReadmoreNote(s):NewZealand;Q12019

toQ32023;*Valuesareprovisional.OneNewZealanddollarisequaltoapproximately0.62U.S.dollarsand0.57euros(asofJanuary2024).Source:StatsNZandlicensedbyStatsNZforre-useundertheCreative[...]

ReadmoreSource(s):StatisticsNewZealandQuarterlyvalueofbuildingactivityinNewZealandfromthirdquarter2019tothirdquarter2023(inbillionNewZealanddollars)QuarterlyvalueofbuildingactivityNewZealand2019-2023,bybuildingtypeResidentialNon-residential7.06.05.04.03.02.01.06.292.996.146.135.95.635.592.615.284.765.232.314.824.662.224.594.472.334.182.384.092.433.782.113.241.743.253.1632.91Q12.522.192.282.15Q32019

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2023*10Description:Inthethirdquarterof2023,residentialbuildingworkputinplaceinNewZealandwasvaluedataround6.13millionNewZealanddollars.Incomparison,theamountofnon-residentialbuildingworkputinplacewasvaluedataround3.16millionNewZealanddollars.ReadmoreNote(s):NewZealand;Q32019toQ32023;*Valuesareprovisional.Valueshavebeenrounded.OneNewZealanddollarisequaltoapproximately0.62U.S.dollarsand0.57euros(asofJanuary2024).Source:StatsNZandlicensedbyStatsNZfor[...]

ReadmoreSource(s):StatisticsNewZealandCHAPTER

02ResidentialconstructionValueofresidentialbuildingworkinNewZealandfrom2017to2023(inmillionNewZealanddollars)ResidentialbuildingworkvalueNewZealand2017-202325,00023,78923,44119,44820,00016,16416,14614,78215,00010,0005,000013,8602017201820192020202120222023*12Description:IntheyearendedSeptember2023,thetotalvalueofallresidentialbuildingworkacrossNewZealandamountedtoapproximately23.7billionNewZealanddollars.Thiswasanincreasefrom2019,inwhichtheresidentialbuildingworkinNewZealandwasvaluedatapproximately16.1billionNewZealanddollars.ReadmoreNote(s):NewZealand;2019to2023;yearsendedDecember;*ValueasatSeptember2023.Note:Thisworkisbasedon/includesStatsNZ'sdatawhicharelicensedbyStatsNZforre-useundertheCreativeCommonsAttribution4.0International[...]

ReadmoreSource(s):StatisticsNewZealandValueofresidentialbuildingconsentsissuedacrossNewZealandfrom2017to2023(inmillionNewZealanddollars)ResidentialbuildingconsentsvalueNewZealand2017-202325,00022,72621,23020,00018,97416,46815,90914,17415,00010,0005,000013,454201720182019202020212022202313Description:IntheyearendingDecember2023,thevalueofresidentialbuildingconsentsissuedinNewZealandamountedtoapproximately18.97billionNewZealanddollars.Thismarkedadeclinefromthepreviousyear,inwhichthehighestvalueofresidentialbuildingconsentsduringthegiventimeperiodwasreported.ReadmoreNote(s):NewZealand;2017to2023;yearsendedDecemberSource(s):StatisticsNewZealandNumberofresidentialbuildingconsentsissuedforalldwellingsacrossNewZealandfrom2017to2023ResidentialbuildingconsentsforalldwellingsNewZealand2017-202360,00050,00049,53849,00739,42040,00030,00020,00010,000037,62737,23932,99631,087201720182019202020212022202314Description:IntheyearendingDecember2023,thenumberofresidentialbuildingconsentsissuedforalldwellingsinNewZealandamountedtoapproximately37.2thousand.Themajorityofthesedwellingswerehouses,townhouses,flats,andunits.

ReadmoreNote(s):NewZealand;2017to2023;yearsendedDecemberSource(s):StatisticsNewZealandNumberofresidentialbuildingconsentsissuedacrossNewZealandin2023,bytype(in1,000s)ResidentialbuildingconsentsNewZealand2023,bytype1816.7815.68161412108642.522.2720Townhouses,flats,andunitsHousesApartmentsRetirementvillageunits15/statistics/1017931/new-zealand-residential-building-consents-by-typeIntheyearendedDecember2023,thenumberofresidentialbuildingconsentsissuedfortownhouses,flats,andunitsinNewZealandamountedtoapproximately16.8thousand.Houseconsentsfollowedataround15.7thousandconsentsissued.

ReadmoreNote(s):NewZealand;2023;yearsendedDecemberSource(s):StatisticsNewZealandYear-on-yearchangeinthenumberofnewdwellingsconsentedinNewZealandfrom2017to2023PercentagechangeinnewdwellingsNewZealand2017-202330%20%10%24.3%14%6.1%4.8%3.4%1.1%0%-10%-20%-30%-24.8%202320172018201920202021202216Description:IntheyearendedDecember2023,thenumberofnewdwellingsconsentedinNewZealandtrendeddownward,withayear-on-yeardecreaseofapproximately24.8percentrecorded.Thiswasthefirsttimethenumberofnewdwellingconsentsissuedfellwithinthegivenperiod.ReadmoreNote(s):NewZealand;2017to2023;yearsendedDecemberSource(s):StatisticsNewZealandYear-on-yearchangeinthenumberofnewdwellingsconsentedinNewZealandin2023,byregionPercentagechangeinnewdwellingsNewZealand2023,byregionYear-on-yearchange-20%-50%Northland-40%-30%-10%0%10%20%-33.1%AucklandWaikato-27.3%-25.2%BayofPlentyGisborne-16.8%13%Hawke'sBayTaranaki6.9%-7%Manawatu-WanganuiWellington-10.8%-37.3%Tasman-43.9%Nelson-12.2%MalboroughWestCoast-6.8%-22.4%17Description:IntheyearendingDecember2023,thepercentagedecreaseinthenumberofnewdwellingsconsentedintheAucklandregionwasapproximately27.3percent.ThelargestincreaseinthecountrywasintheGisborneregion.

ReadmoreNote(s):NewZealand;2023;yearendedDecemberSource(s):StatisticsNewZealandCHAPTER

03Non-residentialconstructionValueofnon-residentialbuildingworkinNewZealandfrom2017to2023(inmillionNewZealanddollars)Non-residentialbuildingworkvalueNewZealand2017-202314,00012,00012,32810,94410,0008,0006,0004,0002,00009,2589,1318,4017,9957,3612017201820192020202120222023*19Description:AsatSeptember2023,approximately12.3billionNewZealanddollarsworthofnon-residentialbuildingworkacrossNewZealandwascompleted.Thiswasanincreasefrom2017,inwhichtherewasapproximately7.4billionNewZealanddollarsworthofnon-residentialbuildingworkthroughoutNewZealand.ReadmoreNote(s):NewZealand;2017to2023;yearendedDecember;*ValueasatSeptember2023.Source:StatsNZandlicensedbyStatsNZforre-useundertheCreativeCommonsAttribution4.0Internationallicense.OneNewZealanddollarisequalto[...]

ReadmoreSource(s):StatisticsNewZealandNumberofnon-residentialbuildingstartsinNewZealandin2023,bytypeNumberofnon-residentialbuildingstartsNewZealand2023,bytype2,5002,1572,0001,5001,1561,0005234125000249242CommercialEducationIndustrialSportMulti-categoryHealth20/statistics/1052667/new-zealand-non-residential-building-starts-volume-by-typeIn2023,commercialbuildingconstructiondominatedthenon-residentialbuildingworkexpectedtostartinthatyearinNewZealandatover2,155buildings.Incontrast,only242healthbuildingswereexpectedtostartbeingworkedoninthatyear.ReadmoreNote(s):NewZealand;2023Source(s):MBIE(NewZealand);Varioussources(PacifeconBuildingIntelligence)Distributionofnon-residentialbuildingstartsinNewZealandin2023,bytypeShareofnon-residentialbuildingstartsNewZealand2023,bytypeHealth5%Multi-category5%Sport9%Commercial46%Industrial11%Education24%21Description:In2023,commercialbuildingconstructiondominatedthenon-residentialbuildingworkexpectedtostartinthatyearinNewZealandwitha46percentshare.Incontrast,healthbuildingsaccountedforonlyfivepercentofthenon-residentialbuildingworkexpectedtostartinthecountry.ReadmoreNote(s):NewZealand;2023Source(s):MBIE(NewZealand);Varioussources(PacifeconBuildingIntelligence)Valueofnon-residentialbuildingstartsinNewZealandin2023,bytype(inbillionNewZealanddollars)Valueofnon-residentialbuildingstartsNewZealand2023,bytype1614141210863.93.842.3220.80CommercialIndustrialMulti-categoryEducationHealthSport22Description:In2023,commercialbuildingconstructiondominatedthenon-residentialbuildingworkexpectedtostartinthatyearinNewZealand,atavalueofaround14billionNewZealanddollars.Incontrast,thevalueofbuildingworkforsportsfacilitiesamountedtoaround800millionNewZealanddollarsinthesameyear.ReadmoreNote(s):NewZealand;2023Source(s):MBIE(NewZealand);Varioussources(PacifeconBuildingIntelligence)Valueofnon-residentialbuildingconsentsinNewZealandin2023,bytype(inmillionNewZealanddollars)Valueofnon-residentialbuildingconsentsNewZealand2023,bytypeValueinmillionNewZealanddollars02004006008001,0001,2001,4001,6001,476.071,467.85Offices,administration,andpublictransportbuildingsStoragebuildingsHealthfacilities1,321.121,317.84EducationbuildingsFactoriesandindustrialbuildingsShops,restaurants,andbarsSocial,cultural,andreligiousbuildingsHotels,motels,andothershort-termaccommodationFarmbuildings1,219.94987.48927.61329.9267.45Hostels,boardinghouses,andprisons74.8123Description:Thevalueofnon-residentialbuildingconsentsforoffices,administration,andpublictransportbuildingswasthehighestinNewZealandintheyearendingDecember2023,withthevalueamountingtoaround1.48billionNewZealanddollars.Thevalueforstoragebuildingconsentswasthesecondhighest,withavalueofaround1.47billionNewZealanddollars.ReadmoreNote(s):NewZealand;2023;yearendedDecemberSource(s):StatisticsNewZealandCHAPTER

04InfrastructureconstructionValueofnon-buildingconstructionconsentsissuedacrossNewZealandfrom2017to2023(inmillionNewZealanddollars)Non-buildingconstructionconsentsvalueNewZealand2017-20238007007416005004003002001000564545545510442401201720182019202020212022202325Description:IntheyearendedDecember2023,thevalueofnon-buildingconstructionconsentsissuedacrossNewZealandwasapproximately545millionNewZealanddollars.Thismarkedadecreaseinthenon-buildingconstructionconsentsvaluefromthepreviousyear.ReadmoreNote(s):NewZealand;2017to2023;yearsendedDecemberSource(s):StatisticsNewZealandValueofinfrastructureprojectsstartinginNewZealandin2023,bytype(inbillionNewZealanddollars)ValueofinfrastructureprojectsstartsNewZealand2023,bytype87.3765.154.3432100.80.3TransportSubdivisionWaterElectricityandgasOther26Description:In2023,transportconstructionprojectsdominatedtheinfrastructureworkexpectedtostartinthatyearinNewZealand,withavalueofoversevenbillionNewZealanddollars.Incontrast,thevalueofelectricityandgasconstructionprojectswasaround300millionNewZealanddollarsthatyear.ReadmoreNote(s):NewZealand;2023Source(s):MBIE(NewZealand);Varioussources(PacifeconBuildingIntelligence)ShareofinfrastructureprojectsstartinginNewZealandin2023,bytypeShareofinfrastructureprojectsstartsNewZealand2023,bytypeOther10%Electricityandgas1%Transport32%Subdivision26%Water31%27Description:In2023,transportconstructionprojectsdominatedtheinfrastructureworkexpectedtostartinthatyearinNewZealandwitha32percentshare.Incontrast,onlyonepercentoftheinfrastructureprojectsstartinginthatyearwereelectricityandgasprojects.ReadmoreNote(s):NewZealand;2023Source(s):MBIE(NewZealand);Varioussources(PacifeconBuildingIntelligence)NumberofinfrastructureprojectsstartinginNewZealandin2023,bytypeNumberofinfrastructureprojectsstartsNewZealand2023,bytype1,4001,1521,2001,00080060040020001,09892036315TransportWaterSubdivisionElectricityandgasOther28Description:In2023,transportconstructionprojectsdominatedthenon-buildingworkexpectedtostartinthatyearinNewZealandwith1,152projects.Incontrast,only15electricityandgasconstructionprojectswereexpectedtostartinthatyear.ReadmoreNote(s):NewZealand;2023Source(s):MBIE(NewZealand);Varioussources(PacifeconBuildingIntelligence)Infrastructureinvestmentasashareofthegrossdomesticproduct(GDP)inNewZealandfrom1976to2023InfrastructureinvestmentasashareofGDPNewZealand1976-20234.5%4.0%3.5%3.0%2.5%2.0%1.5%1.0%29/statistics/1450180/new-zealand-infrastructure-investment-share-of-gdpIntheyearendedMarch2023,investmentininfrastructureconstructioninNewZealandrepresentedaround3.35percentofthecountry'sGDP.NewZealand'sinfrastructureinvestmentasashareofGDPwasatitshighestintheyearendedMarch1976.ReadmoreNote(s):NewZealand;1976

to2023;yearsendedMarchSource(s):Infometrics;StatisticsNewZealandCHAPTER

05MajorcompaniesOperatingrevenueofFletcherBuildingLimitedfromfinancialyear2014to2023(inbillionNewZealanddollars)FletcherBuilding'soperatingrevenue2014-20231098765432109.479.49.3198.668.58.478.48.127.31201420152016201720182019202020212022202331Description:Infinancialyear2023,FletcherBuildingLimitedreportedanoperatingrevenueofaround8.47billionNewZealanddollars.FletcherBuildingisoneofNewZealand'slargestlistedcompanies,andisasignificantemployer,manufacturer,homebuilder,andpartneronmajorconstructionandinfrastructureprojects.ReadmoreNote(s):NewZealand;FY2014to2023Source(s):FletcherBuildingEarningsbeforeinterestandtaxation(EBIT)ofFletcherBuildingLimitedfromfinancialyear2014to2023(inmillionNewZealanddollars)FletcherBuilding'sEBITFY2014-20238007197027006005004003002001000592540503497397273-100-200-118-116201420152016201720182019202020212022202332Description:Infinancialyear2023,FletcherBuildingLimitedreportedanEBITjustshyof500millionNewZealanddollars.FletcherBuildingisoneofNewZealand'slargestlistedcompanies,andisasignificantemployer,manufacturer,homebuilder,andpartneronmajorconstructionandinfrastructureprojects.ReadmoreNote(s):NewZealand;FY2014toFY2023Source(s):FletcherBuildingRevenueofFultonHoganLimitedfromfinancialyear2015to2023(inbillionNewZealanddollars)RevenueofFultonHoganFY2015-20237656.665.234.774.684.654.66432103.643.092.9120152016201720182019202020212022202333Description:Infinancialyear2023,FultonHoganreportedarevenueofaround6.6billionNewZealanddollars.FultonHoganisalargeinfrastructureconstruction,roadworks,andaggregatesuppliercompanyinNewZealand.ItalsohasoperationsinthewiderAustralasiaregion.ReadmoreNote(s):NewZealand;FY2015toFY2023Source(s):FultonHogan;MBIE(NewZealand)Earningsbeforeinterest,tax,depreciation,andamortization(EBITDA)ofFultonHoganLimitedfromfinancialyear2015to2023(inmillionNewZealanddollars)EBITDAofFultonHoganFY2015-202340035030025020015010050378.23379.96370.62364.64349.3340.4332.87318.37277.74020152016201720182019202020212022202334Description:Infinancialyear2023,FultonHoganreportedanEBITDAofaround379millionNewZealanddollars.FultonHoganisalargeinfrastructureconstruction,roadworks,andaggregatesuppliercompanyinNewZealand.ItalsohasoperationsinthewiderAustralasiaregion.ReadmoreNote(s):NewZealand;FY2015toFY2023Source(s):FultonHogan;MBIE(NewZealand)CHAPTER

06ConstructionindustrysentimentOpiniononleadingbarrierstoconstructionindustrygrowthamongcivilconstructionindustryemployeesinNewZealandin2023LeadingbarrierstoconstructionindustrygrowthNewZealand2023Shareofrespondents0%10%20%30%40%50%60%70%80%Skilledlaborshortage/staffrecruitmentdifficultiesIncreasedcosts72%66%ComplianceandregulatorycostsFluctuatingcostsofconstructionmaterialsChangesinthegovernmentpipelineChangestogovernmentprocurementguidelinesVisibilityofprojectpipeline52%50%46%36%35%34%32%SustainabilitychallengesSupplychainissuesLackofworkforcontractorsWorkconsentconditionsandclientrequirementsUnfaircontractterms29%28%25%23%23%HealthandsafetycompetencyCollaborationbetweenclientsLackoftechnologyadvances/innovations7%36Description:Asurveyconductedin2023amongpeopleworkinginthecivilconstructionindustryinNewZealandrevealedthataround72percentofrespondentsbelievedthattheleadingbarriertoconstructionindustrygrowthwasaskilledlaborshortageandstaffrecruitmentdifficulties.Increasedcostsaswellascomplianceandregulatorycostswerealsoidentifiedaskeycontributorstoalackofgrowthwithintheindustry.ReadmoreNote(s):NewZealand;June10,2023toJune26,2023;198respondents;18yearsandolder;respondentsarefromthecivilconstructionindustrySource(s):CivilContractorsNewZealand;TeletracNavmanNewZealandOpiniononleadingeventsandissuesthatwillhaveapositiveimpactontheconstructionindustryinthenextthreeyearsinNewZealandin2023IssuesexpectedtohaveapositiveimpactontheconstructionindustryNZ2023Shareofrespondents0%10%20%30%40%50%60%70%80%90%84%DevelopmentofaclearerpipelineofcentralandlocalgovernmentworkNewimmigrationchangesallowinggreenlistpathwaysforcivilconstructionworkers69%Reviewofstandard3910constructioncontractsChangestoretentionsregimestobetterprotectretentionsResourceManagementActreforms52%49%48%44%40%Government'sincreasedfocusonenvironmentalsustainabilityTheConstructionSectorAccordTheNewZealandInfrastructureCommission-TeWaihanga39%39%Government'semphasisonbroaderoutcomeswhenmakingprocurementdecisionsMajorweathereventandclimatemitigationefforts36%37Description:Asurveyconductedin2023amongcivilconstructionindustryemployeesrevealedthattheleadingeventorissueexpectedtohaveapositiveimpactonNewZealand'sconstructionindustryinthenextthreeyearswasthedevelopmentofaclearerpipelineofcentralandlocalGovernmentwork,withover80percentofrespondentsindicatingthis.ReadmoreNote(s):NewZealand;June10,2023toJune26,2023;198respondents;18yearsandolder;respondentsarefromthecivilconstructionindustrySource(s):CivilContractorsNewZealand;TeletracNavmanNewZealandConfidenceofcivilconstructionworkersconcerningthestateoftheconstructionindustryinNewZealandin2023Civilconstructionworkers'confidenceintheconstructionindustryNZ2023Shareofrespondents0%10%20%30%40%50%60%70%Theabilityoftheirbusinesstowithstandchangeandchallenges62%Theabilityofnewtechnologytoimprovebusinessefficiencyandovercomechallenges52%CivilconstructionindustryoutlookThefuturepipelineofcivilconstructionwork34%28%Thegovernment'scommitmenttoinfrastructure18%AdequacyoffundingforprojectsandmaintenanceinitiativesTheabilityofthecountry'sinfrastructuretocopewithclimatechange9%7%38Description:Asurveyconductedin2023amongcivilconstructionindustryemployeesinNewZealandrevealedthataround62percentofrespondentswereconfidentintheabilityoftheirbusinesstowithstandchangeandovercomechallenges.Respondentshadthelowestconfidenceintheclimate-resilenceofNewZealand'sinfrastructurenetwork.ReadmoreNote(s):NewZealand;June10,2023toJune26,2023;198respondents;18yearsandolder;respondentsarefromthecivilconstructionindustrySource(s):CivilContractorsNewZealand;TeletracNavmanNewZealandOpiniononbuildingandconstructionbusinessfinancialperformanceoverthelast12monthsinNewZealandinfinancialyear2022OpiniononbuildingandconstructionsectorfinancialperformanceNewZealandFY2022Negativeviewofperformance14%Positiveviewofperformance20%Unsure3%Neitherpositiveornegativeview63%39Description:Infinancialyear2022,asurveyfoundthataround20percentofconstructionbusinessownersandmanagerssurveyedinNewZealandhadapositiveviewoftheircompany'sfinancialperformanceintheprior12months.Around63percentofthosesurveyeddidnotviewtheirbusinessperformanceassuccessfulnorunsuccessfulthatfinancialyear.ReadmoreNote(s):NewZealand;ApriltoJune2022;1029respondents;18yearsandolder;respondentsarebusinessowners/managersSource(s):MBIE(NewZealand)Leadingreasonsforpositivefinancialperformanceamongbuildingandconstructionbusinessesoverthelast12monthsinNewZealandinfinancialyear2022ReasonsforpositiveperformanceamongconstructionbusinessesNewZealandFY2022Shareofrespondents0%10%20%30%40%50%60%56%HighercustomerdemandforworktobecompletedthanprojectedBetterprofitabilitythanexpectedWorkcompletedmoreefficientlyHighlyskilledstaffalreadyemployedHighermargins40%35%31%24%MorehighlyskilledstaffemployedLowercoststhanprojected16%14%Other6%40Description:Infinancialyear2022,asurveyfoundthattheleadingreasonforsuccessfulfinancialperformanceamongbuildingandconstructionbusinessesinNewZealandwasduetohighercustomerdemandforworktobecompletedthanoriginallyprojected,wit