It's a tale of two cities, with Canterbury crowned the top regional economy and Wellington finishing last.  

ASB's latest Regional Economic Scoreboard shows Canterbury outperformed in nearly every key measure, including employment, retail spending, housing activity, and population growth. 

Otago and Waikato tied for second and Auckland climbed to fourth. 

ASB Chief Economist Nick Tuffley told Mike Hosking it follows the theme they’ve seen over the past few years of export-focused regions being more resilient.  

LISTEN ABOVE 

It's a tale of two cities, with Canterbury crowned the top regional economy and Wellington finishing last. &nbsp;
ASB's latest Regional Economic Scoreboard shows Canterbury outperformed in nearly every key measure, including employment, retail spending, housing activity, and population growth.&nbsp;
Otago and Waikato tied for second and Auckland climbed to fourth.&nbsp;
ASB Chief Economist Nick Tuffley told Mike Hosking it follows the theme they’ve seen over the past few years of export-focused regions being more resilient. &nbsp;
LISTEN ABOVE&nbsp;

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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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Nick Tuffley: ASB Senior Economist on the results of ASB's Regional Economic Scoreboard

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fc09989c-3eb7-46d1-bf68-b416014657ce/transcript

There's division among economists regarding how soon the Reserve Bank should start raising the Official Cash Rate. 

Many now expect the bank to bring forward OCR hikes, with ANZ forecasting three before the election. 

But Kiwibank Chief Economist Jarrod Kerr warns that could be reckless and counterproductive. 

He told Mike Hosking right now we're dealing with more temporary inflation due to higher diesel prices, which should hopefully fall back. 

Kerr says more persistent forms of inflation, like wage and rental inflation, are quite benign at the moment. 

LISTEN ABOVE 

There's division among economists regarding how soon the Reserve Bank should start raising the Official Cash Rate.&nbsp;
Many now expect the bank to bring forward OCR hikes, with ANZ forecasting three before the election.&nbsp;
But Kiwibank Chief Economist Jarrod Kerr warns that could be reckless and counterproductive.&nbsp;
He told Mike Hosking right now we're dealing with more temporary inflation due to higher diesel prices, which should hopefully fall back.&nbsp;
Kerr says more persistent forms of inflation, like wage and rental inflation, are quite benign at the moment.&nbsp;
LISTEN ABOVE&nbsp;

Jarrod Kerr: Kiwibank Chief Economist warns that early OCR increases could be counterproductive

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dc3a6a7a-3a4e-4153-956a-b42c014eb2cd/transcript

Retailers are on a “knife edge” deciding when to pass on increased costs to consumers. 

Retail NZ CEO Carolyn Young told Mike Hosking that retailers had been absorbing the immediate increase in import costs. 

But domestically, 93% of freight was moved on New Zealand roads, with 98% of those trucks using diesel. 

“Businesses can no longer absorb that. We've been talking to retailers this week and they're on the knife edge as to when they pass on those costs that they've been increasing, but it's going to be pretty soon.” 

Retail spending was up 2.9% at the start of March, mainly because of a “frenzy” of fuel buying, she said. 

“Everyone was queued at the fuel stations, at the petrol stations, and that meant that consumers clearly haven't been spending elsewhere as that's consuming up a big significant chunk of their disposable income.” 

LISTEN ABOVE 

Retailers are on a “knife edge” deciding when to pass on increased costs to consumers.&nbsp;
Retail NZ CEO Carolyn Young told Mike Hosking that retailers had been absorbing the immediate increase in import costs.&nbsp;
But domestically, 93% of freight was moved on New Zealand roads, with 98% of those trucks using diesel.&nbsp;
“Businesses can no longer absorb that. We've been talking to retailers this week and they're on the knife edge as to when they pass on those costs that they've been increasing, but it's going to be pretty soon.”&nbsp;
Retail spending was up 2.9% at the start of March, mainly because of a “frenzy” of fuel buying, she said.&nbsp;
“Everyone was queued at the fuel stations, at the petrol stations, and that meant that consumers clearly haven't been spending elsewhere as that's consuming up a big significant chunk of their disposable income.”&nbsp;
LISTEN ABOVE&nbsp;

Carolyn Young: Retail NZ CEO on the growth in retail spending, increased costs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2b11bbcd-c7fa-4025-ac07-b42c014aab25/transcript

I'm an AvGeek. I like plane and travel videos and one of the regulars I watch is a guy called Nonstop Dan. 

He's American and has just been here giving the world the predictable view of the place. 

He can't believe how amazing it is, he can't believe how remote it is, and he is thinking of moving here. 

He won't of course because most don’t. But you get the vibe when you come from outside that this really is an extraordinary place. 

Part of it is that nothing happens, which is why one of our offshore children was telling us how ridiculous this country looked to him and his mates this past week melting down about the cyclone that wasn’t. 

Not the actual weather, or the bits that got hit, but the mad buildup. The endless, angst-driven hyperbole as day after day the media told us to take action, run for our lives, pack a go-bag, duck for cover and change our travel. 

From the other side of the world, they could not believe what too many were turning this into. 

His conclusion is we are so small and literally nothing happens, so we need to invent stuff and upon receipt of some weather we went to town on it. 

Another relative told us yesterday he was convinced if we were to organise a lockdown reunion, with special sourdough segments and a reprise of the Pulpit of Truth, you'd be amazed at how many would be into it. 

Maybe that's the trick. Maybe that’s why the media, or bits of it, are a bubble. They can't see it, they don’t get out and they just co-exist in their microcosm of smallness feeding off each other. 

Maybe you need to live on the other side of the world, where it's kind of chaotic and busy to get a better perspective. 

If a 24-year-old can see it from Britain you then need to ask what is the balance between Nonstop Dan looking at our beauty and serenity and wanting a slice of it, and our small-village idiocy that must be damaging our reputation, not to mention our productivity? And how do we strike a balance? 

Our isolation and location are a wonder to many. Yet our fear, myopic navel gazing, and predilection for being told how to live our lives and behave has got to be holding us back. 

We seem to be a bit lost trying to find the sweet spot. 

I'm an AvGeek. I like plane and travel videos and one of the regulars I watch is a guy called Nonstop Dan.&nbsp;
He's American and has just been here giving the world the predictable view of the place.&nbsp;
He can't believe how amazing it is, he can't believe how remote it is, and he is thinking of moving here.&nbsp;
He won't of course because most don’t. But you get the vibe when you come from outside that this really is an extraordinary place.&nbsp;
Part of it is that nothing happens, which is why one of our offshore children was telling us how ridiculous this country looked to him and his mates this past week melting down about the cyclone that wasn’t.&nbsp;
Not the actual weather, or the bits that got hit, but the mad buildup. The endless, angst-driven hyperbole as day after day the media told us to take action, run for our lives, pack a go-bag, duck for cover and change our travel.&nbsp;
From the other side of the world, they could not believe what too many were turning this into.&nbsp;
His conclusion is we are so small and literally nothing happens, so we need to invent stuff and upon receipt of some weather we went to town on it.&nbsp;
Another relative told us yesterday he was convinced if we were to organise a lockdown reunion, with special sourdough segments and a reprise of the Pulpit of Truth, you'd be amazed at how many would be into it.&nbsp;
Maybe that's the trick. Maybe that’s why the media, or bits of it, are a bubble. They can't see it, they don’t get out and they just co-exist in their microcosm of smallness feeding off each other.&nbsp;
Maybe you need to live on the other side of the world, where it's kind of chaotic and busy to get a better perspective.&nbsp;
If a 24-year-old can see it from Britain you then need to ask what is the balance between Nonstop Dan looking at our beauty and serenity and wanting a slice of it, and our small-village idiocy that must be damaging our reputation, not to mention our productivity? And how do we strike a balance?&nbsp;
Our isolation and location are a wonder to many. Yet our fear, myopic navel gazing, and predilection for being told how to live our lives and behave has got to be holding us back.&nbsp;
We seem to be a bit lost trying to find the sweet spot.&nbsp;

Mike's Minute: We need to take a good, hard look at ourselves

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/77f79f11-101f-4d10-b386-b42b01747d09/transcript

Nick Tuffley: ASB Senior Economist on the results of ASB's Regional Economic Scoreboard

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