Re­gion still per­form­ing in top four


Otago dropped two places to fourth in the ASB Re­gional Eco­nomic Scorecard for the March quar­ter.

The scorecard takes the lat­est quar­terly re­gional statis­tics and ranks the eco­nomic per­for­mance of the coun­try’s 16 re­gional coun­cil ar­eas.

Rat­ings are up­dated ev­ery three months and based on 11 mea­sures, in­clud­ing em­ploy­ment, con­struc­tion, re­tail trade and house prices.

The re­port noted that Otago slipped slightly amidst the strong tus­sle at the top of the ta­ble.

‘‘The tourism boom is clearly con­tin­u­ing to make its mark in the re­gion, with re­tail sales up strongly, the fastest growth in em­ploy­ment of any re­gion, and above-av­er­age pop­u­la­tion growth to fill the jobs demand.

‘‘House price growth through­out the re­gion re­mains im­pres­sive, with Dunedin City prices con­tin­u­ing to out­shine their flashy lake cousin’s.

‘‘How­ever, build­ing con­sent is­suance has nose­dived, par­tic­u­larly for non-res­i­den­tial work. That is some­what of a sur­prise, given the peo­ple pres­sures com­ing on the Cen­tral Lakes ar­eas.

Car reg­is­tra­tions have fallen slightly more than the na­tional av­er­age.’’

South­land im­proved its po­si­tion on the ta­ble from 9th to 8th. The re­port noted that the re­gion was clearly ben­e­fit­ing from the tourism boom, with its dou­bledigit an­nual growth in guest nights the fastest in New Zealand.

The rankings for the March quar­ter (with the pre­vi­ous quar­ter po­si­tion in brack­ets) were:

1st: North­land (7=), 2nd: Tas- man (1), 3rd: Bay of Plenty (12); 4th=: Marl­bor­ough (3) and Otago (2); 6th: Gis­borne (4); 7th: Waikato (7=); 8th: South­land (9); 9th: Canterbury (15); 10th=: Auck- land (13=) and Welling­ton (10); 12th: Nel­son (5); 13th: Hawke’s Bay (16); 14th: West Coast (16); 15th: Manawatu-Whanganui (11); 16th: Taranaki (13=).

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