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Canterbury first in economic ratings

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Canterbury first in economic ratings

By: Newstalk ZB staff | Business News | Wednesday May 23 2012 7:36

 

Canterbury has leapt ahead of Auckland to scoop first place in the National Banks' annual economic ratings, as the Christchurch rebuild gathers pace.

Ten of the country's 14 regions report growth, including Northland, Waikato and Southland.

But Wellington languishes at the bottom of the table, with growth down 0.2 percent over the past 12 months.

Business correspondent Roger Kerr says tomorrow's zero budget won't bring any positive news for the Wellington region either.

The National Bank says nationwide economic growth has lifted from 0.8 percent to 1.6 percent in the twelve months to March.

The South Island economy expanded by 2.1 percent and the North's by 1.5 percent.

Photo: stock.xchng

 

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