17 Aug 2011

Some signs of economic recovery in Canterbury

7:07 pm on 17 August 2011

Economic activity appears to have bounced back in Canterbury in recent months.

The National Bank Regional Trends survey shows nationwide activity rose 0.8% in the three months to the end of June.

National Bank economist Steve Edwards says economic activity rose in every region except Wellington and Gisborne.

He says the largest turnaround was in Canterbury, there was a slump in the March quarter, a 2.5% drop in economic activity in Canterbury.

But he says it has partially recovered with a 1.9% rise in June.