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ASB / Main Report Regional Economic Scoreboard
ASB / Main Report Regional Economic Scoreboard
Auckland has retained its top spot in the
latest ASB/Main Report Regional Economic Scoreboard, as
relatively strong population growth in the region drive
retail spending and housing market activity.
The top of the South Island continues to fare reasonably well, reflecting the lingering effects of the movement of quake-affected Cantabrians to these regions.
In particular, Tasman has edged up to second place on a rebound in consumer confidence, which appears to be underpinning strong retail spending growth.
Encouragingly, there are signs post-earthquake rebuilding is underway, and this is underpinning Canterbury’s ascent up the rankings. Construction activity in the region is particularly strong, and continued supply constraints in its housing market are driving relatively strong house price appreciation.
The ASB / Main Report Regional Economic Scoreboard takes the latest quarterly regional statistics and ranks the economic performance of New Zealand’s 16 regional economic areas. The full report is and available online.
ENDS
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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