Vector (NZE:VCT) reported total electricity network connections of 632,106 for the fiscal year ended June 30, up 1.2% year on year, according to a Tuesday filing with the New Zealand bourse.

New connections during the period fell 21.4% to 12,548 from 15,959 connections amid a broader economic slowdown, the filing said.

Gas network connections went up 0.2% to 120,621 customers, the filing said. New connections tumbled 33% to 1,296 from 1,934, the filing added.