Unexpectedly strong GDP growth makes RBNZ rate cut less likely in August.
How will commercial building, roads, bridges and other infrastructure construction fare?
This franchise agreements have now been terminated by the NZ master franchisee.
Economist Paul Dales says NZ could be looking at GDP growth easing to 2.3% this year and 2% the year after.
"Building construction activity is recovering strongly"
Economic forecaster BIS Shrapnel is predicting record high numbers of building consents.
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