Period 2016 -2020: The construction sector continued to expand in New Zealand

Timetric Center (CIC) said the construction industry in New Zealand will continue to expand in real terms in the forecast period (2016-2020) to invest in projects and infrastructure construction in order to promote growth.

In fact, the output value of the industry increased at a rate of 6.6% compound growth over the period reviewed (2011-2015). According to the Centers Timetric (CIC), in the next 5 years, growth slowed down to 6.07%, up from 32.8 billion dollars in 2015 to 44 billion in 2020. At the same time, growth will be driven because the Government and the private sector to invest in modernizing the infrastructure of transportation and the country's renewable energy sector. Moreover, population growth is also expected to create new demand for residential construction.

Meanwhile, residential construction is expected to remain the largest market in the construction industry of New Zealand, accounting for 36.1% of the total value of the industry until 2020. The expansion of the population the middle class and rising incomes will contribute to growth. These projects affordable housing different markets will also support growth in the forecast period. CIC hopes the market will achieve double the growth rate is 7.52% on the nominal value, estimated at $ 15.2 billion in 2020.

The second largest market in the construction industry during the review is to build infrastructure, accounting for 22.7% of the whole industry in 2015. The market will maintain its position in the period Government forecasts for plans to develop the infrastructure of the country. The increase in international passenger traffic also led to plans to expand airport capacity in 2020 by the Government, in order to promote growth in the construction market infrastructure. According to forecasts, the market will grow at a rate double the 9.61% growth in nominal value, estimated at $ 10.3 billion in 2020.