Wellington Economic Slump: Latest Scores
- ASB expects the recovery in Wellington to be the slowest of the hubs.
- Bay of Plenty has taken the top spot in ASB's latest regional economic scorecard for the first time in almost a decade, while Wellington has slumped to the...
- The bank's economists reported that the Bay of Plenty region outperformed the national average in most categories during the second quarter, including consumer confidence, employment growth, new car...
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ASB Regional Economic Scorecard: Bay of Plenty Soars, Wellington Struggles
ASB expects the recovery in Wellington to be the slowest of the hubs. File photo.
Photo: RNZ / REECE BAKER
Bay of Plenty has taken the top spot in ASB’s latest regional economic scorecard for the first time in almost a decade, while Wellington has slumped to the bottom. The scorecard provides a quarterly snapshot of economic activity across New Zealand’s 16 regions.
Bay of Plenty’s Rise to the Top
The bank’s economists reported that the Bay of Plenty region outperformed the national average in most categories during the second quarter, including consumer confidence, employment growth, new car registrations, and the housing market. This marks a notable shift, with the region previously lagging behind others.
A particularly strong kiwifruit season played a crucial role in boosting incomes within the Bay of Plenty, contributing substantially to its overall economic performance. The kiwifruit industry is a major employer and export