Economy improves

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

Relevant offers

Business

Marlborough Chamber of Commerce chief executive resigns New Zealand's top brands reveled in annual Reader's Digest survey Chart of the day: What's growing Marlborough? Network controller Frank Harvey dedicated to a fault Chart of the day: How many sheep does Marlborough have? Nelson Plant and Food Research Centre opens its Akersten St site to support 50 innovative seafood scientists Marlborough litter study key to countrywide clean-up Search on for superstar women in business Coastal Pacific Trail working group calls on Marlborough District Council for funds Marlborough Forest Industry Association launches new fund to attract young workers

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