Canterbury's economy is now growing the fastest in New Zealand after dramatically shrinking last year.
That's according to the National Bank's latest regional trends survey.
In the 12 months to June 2012, Canterbury's economic activity was 4.4 per cent higher than in the previous year to June 2011.
That is shown in a variety of data. The region has been selling a lot more houses, buying more new cars, spending more at the shops, and advertising a lot more jobs in the last 12 months than in the 12 months before that.
The only region that came close was Auckland at 3 per cent growth.
Another piece of data on Canterbury reinforces how the economy is beginning to rebound. In the three months to June 30 this year economic activity in Canterbury is 6.1 per cent greater than in the same period to June last year.
Christchurch economist Robin Clements, of UBS, said the National Bank data showed a strong overall growth trend in the region.
National Bank economist Steve Edwards said Canterbury's pace of growth - 4 per cent to 5 per cent - is similar to that of 2001-2005. But this time it is based on reconstruction rather than "the borrow and spend" of the early 2000s.
The data used in the bank's regional trends survey was domestic.
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