Business confidence has tumbled to a two-year low blamed mainly on the Christchurch earthquake.
The NZ dollar has tumbled and the stock market has fallen.
A digitally manipulated photograph of the partially-demolished Ozone Hotel. The photographer comments, "As if a deadly disease is moving out from Christchurch City red zone, the heritage buildings are being put down".
The earthquake has also affected financial markets. The New Zealand dollar has tumbled, and the stockmarket has extended its losses.
Forbe's Store on Norwich Quay, the awning resting on the footpath. Scaffolding placed around the building since the 4 September 2010 earthquake has tumbled during the 22 February 2011 earthquake.
Forbes' Store on Norwich Quay with a broken awning and damage visible on the brick walls. Scaffolding placed around the building since the 4 September 2010 earthquake has tumbled during the 22 February 2011 earthquake.
Forbes' Store on Norwich Quay with a broken awning and damage visible on the brick walls. Scaffolding placed around the building since the 4 September 2010 earthquake has tumbled during the 22 February 2011 earthquake.
Damage to Lyttelton following the 22 February 2011 earthquake. Forbes' Store on Norwich Quay with a broken awning and damage visible on the brick walls. Scaffolding placed around the building since the 4 September 2010 earthquake has tumbled during the 22 February 2011 earthquake.
Damage to Lyttelton following the 22 February 2011 earthquake. Forbes' Store on Norwich Quay with a broken awning and damage visible on the brick walls. Scaffolding placed around the building since the 4 September 2010 earthquake has tumbled during the 22 February 2011 earthquake.
A photograph submitted by Gaynor James to the QuakeStories website. The description reads, "DTZ building going, 20 July 2011. A small crowd watches the demolition …There is an eerie silence- no excited buzz – people watching yet another part of their history turning into rubble. The wrecking ball, delicately positioned, drops and is followed by the cracking and rending of floor after floor and the debris tumbles down … It starts to clear and an extraordinary sight greets us. Hundreds and hundreds of sheets of paper drift down like giant confetti.".