Hawke’s Bay residents have reason to toast the region’s “five-star economy” this summer, with new research confirming they have one of the nation’s best.
ASB bank’s latest Regional Economic Scoreboard has awarded Hawke’s Bay a five-star status for it performance over the September quarter, on the back of good job growth and retail sales.
“The Bay has been on a solid economic run,” ASB senior rural economist Nathan Penny said.
“This quarter’s fourth placing follows last quarter’s third. The Bay’s labour market has been particularly strong, with 6.5 per cent jobs growth over the quarter. No doubt this jobs growth reflects the fact that the region’s key industries such as horticulture, forestry and livestock (lamb) are firing on all cylinders.”
Photo: Retail sales helping boost economy
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Posted: 21 December 2018