Indicators of capacity utilisation available in business surveys are certainly at or close to the highest levels seen in the past 15 years. This is a feature across surveys, and has been for some time. In the labour market, the rate of unemployment is at its lowest for more than 25 years.
Alan Bollard: The implications of the Canterbury earthquakes for the Reserve Bank Opinion piece by Dr Alan Bollard, Governor of the Reserve Bank of New Zealand, at the implications of the Canterbury earthquakes for the Reserve Bank, 13 May 2011.