Revenue from New Zealand's lumber exports falls 11% in first seven months to NZ$484M, down NZ$58M from same period last year

DUNEDIN, New Zealand , September 23, 2011 () – 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

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.