Regional economies are slowing to Covid times.

Latest figures from Infometrics show economic activity has increased just 0.2% over a year, the slowest growth since the first lockdown.

Since last year, fewer people are planning to build in the regions, with consents falling by around 25%, and the Tasman District falling almost 60%.

Infometrics Principal Economist Brad Olsen told Andrew Dickens that regions are bearing the brunt of the current economic climate.

He says lamb and mutton prices are at seven-year lows, while forestry prices have been falling over the last couple of months.

LISTEN ABOVE 

Regional economies are slowing to Covid times. 
Latest figures from Infometrics show economic activity has increased just 0.2% over a year, the slowest growth since the first lockdown. 
Since last year, fewer people are planning to build in the regions, with consents falling by around 25%, and the Tasman District falling almost 60%. 
Infometrics Principal Economist Brad Olsen told Andrew Dickens that regions are bearing the brunt of the current economic climate. 
He says lamb and mutton prices are at seven-year lows, while forestry prices have been falling over the last couple of months. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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