In financial year 2022, a survey found that the leading reason for unsuccessful financial performance among building and construction businesses in New Zealand was due to higher building costs, with over 61 percent of respondents citing this reason. Material shortages and supply delays was also a key contributor to negative financial performance among building and construction businesses.
Leading reasons for negative financial performance among building and construction businesses over the last 12 months in New Zealand in financial year 2022
*overall, 1,029 business owners/managers were surveyed, but only 147 reported negative financial performance.
Original survey question: what are the main reasons for this (having an unsuccessful financial year)?
For the companies surveyed, the financial year ran from 1 April, 2021 to 31 March, 2022.
Values are weighted.
Respondents include those working in residential building construction, non-residential building construction, heavy and civil engineering construction, land development and site preparation services, building structural services, building installation services, building completion services, other building construction services, scientific research services, and architectural, engineering and technical services.
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MBIE (New Zealand). (November 23, 2022). Leading reasons for negative financial performance among building and construction businesses over the last 12 months in New Zealand in financial year 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1364523/new-zealand-reasons-for-negative-financial-performance-among-construction-businesses/
MBIE (New Zealand). "Leading reasons for negative financial performance among building and construction businesses over the last 12 months in New Zealand in financial year 2022." Chart. November 23, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1364523/new-zealand-reasons-for-negative-financial-performance-among-construction-businesses/
MBIE (New Zealand). (2022). Leading reasons for negative financial performance among building and construction businesses over the last 12 months in New Zealand in financial year 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1364523/new-zealand-reasons-for-negative-financial-performance-among-construction-businesses/
MBIE (New Zealand). "Leading Reasons for Negative Financial Performance among Building and Construction Businesses over The Last 12 Months in New Zealand in Financial Year 2022." Statista, Statista Inc., 23 Nov 2022, https://www.statista.com/statistics/1364523/new-zealand-reasons-for-negative-financial-performance-among-construction-businesses/
MBIE (New Zealand), Leading reasons for negative financial performance among building and construction businesses over the last 12 months in New Zealand in financial year 2022 Statista, https://www.statista.com/statistics/1364523/new-zealand-reasons-for-negative-financial-performance-among-construction-businesses/ (last visited December 21, 2024)
Leading reasons for negative financial performance among building and construction businesses over the last 12 months in New Zealand in financial year 2022 [Graph], MBIE (New Zealand), November 23, 2022. [Online]. Available: https://www.statista.com/statistics/1364523/new-zealand-reasons-for-negative-financial-performance-among-construction-businesses/
