Revenue from New Zealand's lumber exports falls 11% in first seven months to NZ$484M, down NZ$58M from same period last year
Wendy Lisney
DUNEDIN, New Zealand
,
September 23, 2011
(Friday Offcuts)
–
Revenue from lumber exports from New Zealand has fallen by 11% in 2011. During the period from January to July 2011 lumber exports were valued at NZ$484 million. This is NZ$58 million down on the same period in 2010. Exports to Australia, our nearest and most valuable market have fallen by nearly 10% in value. The Australian housing market currently remains subdued. New dwelling approvals during the month of July 2011 were 10% less than during the same month in 2010.
Source: NZX Agrifax
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