The June update of the Regional Activity Indices (RAIs) was released today.
Key points to note:
- Annual activity growth is up in all regions, with most activity indicators up on the same time last year.
- Labour market indicators have witnessed particularly strong growth in recent months, with sharp falls in jobseeker numbers and very high growth in online job ads. Online job ads are now well above pre-COVID levels in all regions.
For more details, you’ll find the RAIs on pages 4-5 of this week’s Weekly Economic Update.
The Regional Activity Indices (RAIs) are a set of experimental indicators that seek to track how regional economies are performing in near real-time.
The RAIs will be updated 3-4 weeks after the close of each month and will be published within the Treasury's Weekly Economic Update.
The data for the RAIs, as well as most of the input data, is available to view and download on the Stats NZ COVID-19 data portal. Further documentation on how to use the indices, and how they are constructed, is also available from the Regional Activity Indices page here on the Treasury website.