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Auckland tops economic growth report

Author
Newstalk ZB staff,
Publish Date
Fri, 29 May 2015, 7:08AM
Photo: Edward Swift
Photo: Edward Swift

Auckland tops economic growth report

Author
Newstalk ZB staff,
Publish Date
Fri, 29 May 2015, 7:08AM

Auckland has leap-frogged Canterbury into the top spot for economic growth in a fresh report from the ASB.

Unrelenting house pressure, high migration and job growth have boosted retail spending in the city.

Canterbury's been in the top position since September 2013.

The bank's Regional Economic Scoreboard says although Canterbury has dropped back to number two in the rankings, the region still remains near the top of the pack across all measures tracked in the scoreboard.

It's still the region with the most confidence.

The Cricket World Cup and strong tourism boosted host cities and tourist spots, particularly Waikato and Nelson, over the quarter.

 

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