Has the Canterbury boom begun?

MARTA STEEMAN
Last updated 11:49 24/03/2014
Placemakers
David Hallett

PLACEMAKERS: Soaring retail spending due to sales in hardware, building and garden supplies.

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The Christchurch rebuild has sparked a growth spurt in retail spending with big sales of building supplies, garden supplies and hardware.

Canterbury spending is growing three times faster than the rest of the country, data for the three months to the end of December shows.

The Christchurch Retail Index shows growth of 3.5 per cent while the rest of the country rose a more modest 1.2 per cent.

All sorts of retail spending is included, such as car sales, food and beverage, and core store-retailing.

But it's hardware, building supplies and garden supplies which are making a mark.

The 3.5 per cent spurt in the December quarter means retail sales in Canterbury are now 24 per cent ahead of where they were just before the September 2010 earthquake. The 3.5 per cent is the biggest jump since June 2011.

The Christchurch Retail Index is an experimental data series tracking spending in Canterbury since the quakes.

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