Economy improves

ROBIN RAYMOND
Last updated 13:53 30/11/2012

Relevant offers

Business

Kiwis tetchier about tourists High tech ablution block stops freeloading by freedom campers Chinese consul-general visits Marlborough, talks wine, education and tourism Central Otago vineyards' new tool to battle spray drift Earthquake repairs crucial to 'viability of rail in New Zealand' The Lowdown: Tash Wakelin, Koffie Mobile Barista Isabel Estate Vineyards founders bankrupt The map with pins on it: A symbol of everything businesses in Seddon and Ward have lost since the earthquake Volunteer convoy rescues 160 camper vans and cars from Kaikoura New Zealand transport companies sold, new owner eyes growth

The Marlborough economy performed strongly in the last quarter thanks to a boost in construction, the ASB Bank's regional economic scoreboard report shows.

The improvement in the region's economy came on the back of a mini-construction boom, the report says.

In the past quarter, $23 million was spent on construction in the region, up 31 per cent on last year. Although house prices fell slightly, the number of houses sold this year had risen steadily, and non-residential construction was double the same time last year, the report said.

Retail trade fell five per cent to $131m, but Marlborough Chamber of Commerce chairman Brian Dawson said confidence was growing among big corporates and the wine industry with Rebel Sport, Pak 'N Save, Bunnings, Countdown and wineries undertaking big extensions.

Ad Feedback

- The Marlborough Express

Comments

Special offers

Featured Promotions

Sponsored Content