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Bay of Plenty Reigns Again
Description
Bay of Plenty’s back on top after dominating the first three months of the year with explosive job growth, a roaring housing market, and strong construction and retail sectors—thanks largely to booming exports and a stellar kiwifruit season. Canterbury, though slipping from the 1 spot, remains resilient with dairy, tourism, and new investment keeping it steady. Otago’s also holding its own, fueled by spending and tourism, though job growth has cooled. Across the North Island, five regions now rank in the top half—signaling a more balanced recovery. But don’t get too comfy: global tensions, including the US-Iran conflict, are poised to slow growth and push inflation higher, casting a shadow over the bright numbers.
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