Log prices spurring recovery in regional NZ

In the latest ASB Regional Scoreboard, the two top spots in the rankings were held by the forestry powerhouses of Northland and Gisborne.

Rebecca Howard

Thu, 01 Apr 2021

Dairy may be the backbone of the economy, but forestry is helping power a recovery in regional New Zealand as log prices soar on the back of demand from China, strong domestic construction activity and tight global supply.In the latest ASB Regional Scoreboard, the two top spots in the rankings were held by the forestry powerhouses of Northland and Gisborne. The NZ Regional Economic Scoreboard takes the latest quarterly regional statistics and ranks the economic performance of NZ’s 16 regional council areas.Meanwhile, ASB Bank’s fore...

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