Marlborough Region Quarterly economic monitor - June 2020

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Non-residential consents

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Highlights for Marlborough Region

  • Non-residential building consents to the value of $58 million were issued in Marlborough Region during the year to June 2020.
  • The value of consents decreased by -4.4% over the year to June 2020. By comparison the value of consents in New Zealand decreased by -8.8% over the same period.
  • Over the last 10 years, consents in Marlborough Region reached a peak of $71 million in the year to March 2020.

National overview

Non-residential building consents eased by 8.8% over the year to June 2020, following a peak in June 2019. Consents dipped through April and May to due to the Level 4 lockdown but recovered strongly in the month of June. The June resurgence likely represents a catchup for projects which were delayed due to lockdown. With weak growth prospects across the economy, consents are likely to ease in coming quarters.