ASB / Main Report Regional Economic Scoreboard: March 2014

Wednesday, 21 May 2014, 11:33 am
Press Release: ASB Bank

21 May 2014

ASB / Main Report Regional Economic Scoreboard
March 2014 Quarter

Canterbury holds off Auckland again to take out the top spot in the latest ASB/Main Report Regional Economic Scoreboard.

Canterbury’s stellar performance reflects the effects of the earthquake rebuild, with the ramp-up in construction activity surging through to lift the wider economy. Employment growth has been particularly strong and bodes well for household spending in the region.

However, Otago has been the standout region over Q1, surging up the rankings to share second equal place with Auckland on the back of strong growth in employment and retail spending.

Auckland remains in second place in the latest Scoreboard. Population growth and house price growth are the strongest in the country, which is boosting residential construction and consumer confidence.

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

© Scoop Media

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.

Contact ASB Bank

• Info on - Bank Accounts
• Info on - ASB Home Loans
• Info on - ASB Credit Cards
• Link to - Mortgage Calculator
• Info on - Business Banking
• Info on - ASB Kiwisaver
• Link to - ASB Blog
• Info on - Personal Loans