We are pleased to share with you our latest industrial research and forecast report H1 2018.
Our report examines the key trends, both current and projected, influencing the industrial markets across Australia and New Zealand. Relative to the New Zealand market we find that:
- The economic outlook for New Zealand remains strong despite a change in government in the second half of 2017. Uncertainty remains over the effects of new Government policies on the economy, but so far this is reflected in sentiment rather than economic performance.
- GDP growth is expected to be slightly below 3 per cent per annum on average, over the next five years.
- The growing economy continues to drive growth in nonresidential building consents nationally for new industrial buildings (factories, industrial, and storage buildings), growing 25 per cent in December 2017 compared to a year earlier.
- Auckland is particularly active, making up 37 per cent of new industrial buildings consents nationally.
We hope you enjoy reading our report.