Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ASB/Main Report Regional Economic Scoreboard June Quarter

ASB / Main Report Regional Economic Scoreboard
June 2013 Quarter

South Island regions have surged ahead in the latest Regional Economic Scoreboard with Nelson and Canterbury edging Auckland out of the top two spots.

Nelson leads the rankings, buoyed by strong growth in retail spending and a surge in residential construction as the region expands to accommodate with the influx of Cantabrians. Canterbury holds onto its second place in the latest rankings, boosted again by increasing construction. The earthquake rebuild has flowed through to an improvement in economic activity in the wider South Island, with the Tasman region also jumping to fourth place.

Meanwhile Auckland, after holding the top spot in 13 of the past 14 quarters, dips to third place. Housing shortages continue to push house price inflation in the region while overall constructional activity is still below levels experienced by the rest of the country.

The effects of the summer drought continue to be felt in some of the country’s key pastoral regions, including Southland and Hawke’s Bay. However, the recovery in global meat and dairy prices in recent months means the outlook should be more promising for the year ahead.

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 available here.

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.