District's booming economy leaves rest of NZ in its dust

The Selwyn economy has grown at twice the rate of the national average over the past year.

The latest figures show gross domestic product in the district grew by 5.2 per cent, compared to 2.4 per cent growth nationally and 1.9 per cent across Canterbury.

Consumer spending was up by 9.3 per cent, while tourist spending grew by 8 per cent in the year to September.

The district council issued 312 new residential consents during the September quarter, up by 18 per cent from the same time last year. This is compared to a 12 per cent increase nationally and in Canterbury.

 

A further 38 industrial and commercial consents were issued over the quarter this year worth $20.2 million.  

Said Mayor Sam Broughton: “These figures back up what we’re seeing and hearing from people around Selwyn.

"We’re in an exciting time as we build on the good foundations set by those who have gone before and build for those yet to come."