Investment (M3)

The data: coverage, periodicity and timeliness

Coverage characteristics

Building consents measures the number of building permits issued for new dwellings (houses, flats and apartments). It excludes permits for alterations and additions to existing buildings.

Gross fixed capital formation from the national accounts comprises the outlays of producers on fixed assets such as buildings, motor vehicles, plant and machinery, hydro-electric construction, roading, improvements to land, software and mineral exploration rights.

Periodicity

Quarterly

Timeliness

We publish building consents approximately five weeks after the end of the reference quarter.

We publish gross domestic product around three months after the end of the reference quarter.

Access by the public

Statistics release calendar

The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar on the first working day of the month.

View the statistics release calendar

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

We have reproduced the data with the permission of Statistics New Zealand.

Provision of information about revisions and advance notice of major changes in methodology

We generally publish revisions when we update and release a table. New or revised data is in bold font.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

We sourced data from Statistics New Zealand.

Building consents issued

Gross domestic product

Building consents

Residential dwelling consents

Number of building permits issued for new dwellings (houses, flats and apartments). It excludes permits for alterations and additions to existing buildings. Data is seasonally adjusted.

Gross capital formation

Gross capital formation

Outlays of producers on durable fixed assets, such as buildings, motor vehicles, plant and machinery, hydro-electric construction, roading and improvements to land.

'Gross' indicates that consumption of fixed capital is not deducted from the value of the outlays.

Capital formation is grouped into seven broad asset types:

• residential buildings
• non-residential buildings
• other construction
• land improvements
• transport equipment
• plant, machinery and other equipment
• intangible fixed assets.

Change in inventories

The increase or decrease in the value of stocks of raw materials, work in progress and finished goods between the beginning and the end of the period.

Symbols and conventions for summary table

General notes

• Individual figures may not sum to the totals due to rounding
• Percentage changes are calculated on unrounded numbers
• You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.