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=).