Southland at bottom in economic report

JAMES WEIR
Last updated 12:58 23/08/2013

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Nelson and Canterbury are leading the South Island's economic surge, with Auckland dipping to third spot in the national rankings, an ASB survey shows.

The bank's latest regional economic scoreboard report also shows Southland sits at the bottom of the 16 regions.

Nelson leads the rankings, with strong growth in retail spending, and a surge in home building as the region expands to house people moving there from Canterbury after the earthquake two years ago. The quake rebuild has flowed through to greater economic activity throughout the South Island.

Nelson and Canterbury gained a four-star rating in the survey.

Auckland had held top spot in the regional rankings for 13 of the ast 14 quarters, but dipped to third place in the latest survey. Housing shortages continued to push up house prices, while growth in building work is still lower than elsewhere.

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- Fairfax Media

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