Canterbury confidence rallies as rest of NZ falls in 2Q

Mon, 25 Jun 2012

By Hannah Lynch June 25 (BusinessDesk) - New Zealand regional economic confidence fell in the second quarter, except in Canterbury, where optimism rallied to pre-earthquake levels. The Westpac McDermott Miller Regional Economic Confidence Survey fell 7 points to negative 4 in the three months ended June. The biggest decline was in the Waikato with confidence tumbling 28 points to minus 6 and Otago down 13 points to a negative rating of 22. Thanks to the Christchurch rebuild, households in Canterbury remained upbeat about the local economy,...

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