12 areas record economic growth

Monday 23 August 2004

Gisborne and Manawatu and Wanganui topped economic growth in the past few months, but Wellington started to lag.

By The Landlord

The latest National Bank survey of economic activity published today shows a rise in economic activity in 12 out of 14 regions for the three months to June.

Gisborne recorded growth of 2.5 per cent and Manawatu and Wanganui 1.8 per cent for the June quarter.

Wellington was at the back of the pack and almost static with 0.1 per cent growth in the June quarter. However, Wellington's year-on-year growth was 3 per cent – still above the long-term average of 2.7 per cent, National Bank economist Steve Edwards said.

Hawke's Bay and Otago were the only two regions to lose ground in the June quarter.

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