Sizzling lamb prices, a firm housing market, tourist spending and overflowing building consents have seen Hawke’s Bay reach first place on ASB’s Regional Economic Scoreboard.
The scoreboard is rated on factors including employment, retail sales, wages, house prices and construction.
Hawke’s Bay posted solid numbers across the board according to ASB economics and chief economist Nick Tuffley who said it was the cash registers that rang hot this quarter, with an 8.9 per cent annual lift in retail spending – the highest growth rate in the country.
The housing market wasn’t far behind with sales and prices both posting double-digit annual gains.
Photo: Record-breaking lamb prices are one of the major contributors to Hawke’s Bay topping the ASB Regional Economic Scoreboard.
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Posted: 5 March 2019