Marlborough Region Quarterly economic monitor - December 2019

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Non-residential consents

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Highlights for Marlborough Region

  • Non-residential building consents to the value of $59 million were issued in Marlborough Region during the year to December 2019.
  • The value of consents increased by 13.7% over the year to December 2019. By comparison the value of consents in New Zealand increased by 5.2% over the same period.
  • Over the last 10 years, consents in Marlborough Region reached a peak of $81 million in the year to March 2010.

National overview

Non-residential building consents continue to track upwards, with values up by 5.2% in the year to December 2019. However, due to softer economic conditions and business investment generally, we expect private sector activity to continue easing into 2020. Public sector activity remains strong, and recently announced funding for education and hospital construction may help to sustain overall levels of activity.