Fletcher Building Waiting on Meaningful Recovery in NZ Demand

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Tracy Withers August 18, 2026 at 9:40 PM UTC New Zealand’s largest construction materials company Fletcher Building Ltd. doesn’t expect a meaningful recovery in its markets until 2027, adding to signs of muted economic growth over the second half of this year. “The economic, political and geopolitical backdrop remains uncertain, and is expected to weigh on performance in the first half of FY27,” the company said Wednesday in Wellington, referring to the six months ending Dec. 31. “A meaningful recovery in underlying volumes is not expected until calendar year 2027,” the company added.