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Crane activity slows in Christchurch, hits record high in Wellington, RLB Index shows

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Construction activity is slowing in Christchurch, Dunedin and Hamilton and picking up in Wellington, Auckland and Queenstown, based on the RLB Crane Index, which measures the construction industry's workload in key New Zealand cities by counting the number of cranes.

The bi-annual index fell to 162 in the fourth quarter of 2017 from 174 in the previous report in the second quarter of 2017, Rider Levett Bucknall said in the eighth edition of the index started in 2014.

The decline in crane activity is the first since the second quarter of 2015, RLB said. The total number of cranes counted in city skylines across the country fell to 123 in the fourth quarter from 132 in the second quarter, with the biggest decline in Christchurch where crane numbers dropped to 17 from 25 as........

© The National Business Review