Bay out-performs NZ average

Strong economic growth in the Bay of Plenty has propelled annual economic growth ahead of the national benchmark, according to the latest National Bank Regional Trends Survey.
The Bay of Plenty recorded rises across a range of economic indicators.

There was a one percent rise in the sale of lifestyle blocks, contrasting with a 21 percent fall nationally.
Accommodation guest nights rose faster than the national average, with the region's occupancy rate recording a 3.3 per cent rise.
The number of houses sold in the region slipped 14 per cent, identical to the national drop.
Both business and consumer confidence were marginally weaker than the respective panoptic measures.
Employment only grew 0.3 per cent, while the national figure lifted 1.1 per cent.

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