Valuing the role of construction in the New Zealand economy

Our report takes an in-depth look at the performance of the construction sector and its contribution to the New Zealand economy.

The industry has struggled with low productivity growth, but there’s no silver bullet to improve performance. A range of measures will assist with building capacity, capability and performance in the sector.

The initiatives lie across the board. There is a role to play for consumers, firms within the sector and the government to help lift performance and productivity. For example, consumers could be more accepting of mass customisation, firms could promote better quality assurance processes, and the government could promote counter-cyclical investment.

Strong forecast demand for construction in New Zealand means that the industry outlook is positive. The time is right for change to ensure that all the benefits from strong demand are reaped, and ultimately to build a sustainable sector which contributes strongly to the New Zealand economy.

Watch our panel discuss key issues constraining growth for the construction industry in New Zealand. Richard Forgan, Partner, joins Geoff Hunt (Chair of the Construction Strategy Group) and David Kelly (Chair of the Construction Industry Council) for a discussion facilitated by Craig Rice, Partner, Strategy & Investments Leader.

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Performance of the construction sector

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Richard Forgan

Richard Forgan

Partner, PwC New Zealand

Tel: +64 21 358 468

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