ChristchurchNZ Economic Analyst Sophie Jones: A summer outlook

In my role as Economic Analyst at ChristchurchNZ, I focus on the wellbeing of our economy. But it’s important to remember that economies are about people.

Recent insights from Statistics New Zealand’s Wellbeing Survey reveal reasons to feel good. Canterbury boasts higher overall wellbeing levels compared with the national average. In 2023, 53% of Cantabrians reported experiencing three or more key aspects of wellbeing: excellent or very good health, sufficient income to meet everyday needs, a sense of connection without feelings of loneliness, and healthy housing conditions. This is an encouraging figure, especially when contrasted with the national average of 48% – and 43% in Auckland.

Housing is a particular bright spot for us, with fewer reports of cold, damp, or mouldy homes compared with the rest of the country. The newer housing stock in Canterbury compared to many other regions of the country has no doubt played a big role in this.

When it comes to financial security, Cantabrians were 6% more likely than the average New Zealander to say they had enough income to meet their everyday needs, and 14% more likely compared to people living in Auckland.

This likely stems from Canterbury’s lower cost of living, allowing our residents to stretch their budgets further. However, it’s essential to acknowledge the pressures many face; there’s been a noticeable rise in those feeling financial strain since the last survey in 2021.

Despite challenges, the well-being data reminds us of the strength and resilience embedded in our community. Let’s hope the summer season brings further good news.