Reciprocal relationship between Christchurch and region

CDC release the economic snapshot for March 2017

Canterbury Development Corporation’s March 2017 Economic Snapshot, shows the Christchurch and Canterbury economies continuing in a transitional phase.

Interesting stats include:

• 3,540 new buildings consented in Christchurch over the past 12 months

• 442,000 guest nights in Canterbury in November 2016, up 1.4% from November 2015

• $459,000 median house price for Christchurch in February 2017, up by $16,500 from January 2017

• Canterbury average weekly earnings (employees) were $947.70, including overtime, in the December 2016 quarter, a small increase from the September quarter ($945.09) and $39.26
below the New Zealand average ($986.96).