Eleven regions posted a gain in economic activity in the final quarter of last year, while two regions recorded a drop in activity.The nationwide measure of economic activity increased 1.2 percent in the December quarter. This represents the strongest qua
Eleven regions posted a gain in economic activity in the final quarter of last year, while two regions recorded a drop in activity.
The nationwide measure of economic activity increased 1.2 percent in the December quarter. This represents the strongest quarterly lift in five years.
The Bay of Plenty recorded the largest economic expansion, rebounding 2.5 percent following a weak September outturn. Otago, Northland and Gisborne all recorded rises in excess of 2 percent.
At the other end of the spectrum, Manawatu-Whanganui and Taranaki recorded a weaker level of economic activity in the quarter, compared with three months earlier.
The North Island economy grew 1.3 percent in the December quarter, while the South Island's economy expanded 0.8 percent.
Gisborne retained the distinction of recording the only positive rate of annual economic growth in December. To date, the region hasn't been caught in the rip of the economic contraction measured everywhere else.
