Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Horowhenua economy measuring up

Horowhenua economy measuring up


Horowhenua's economic activity continues to grow with many sectors increasing at rates above regional and national averages.

The positive gains are shown in Infometrics economic monitoring, commissioned by Horowhenua District Council.

It shows GDP growing by 2% in the year to December 2013. Agricultural activity surged during the December quarter, driven by a massive lift in dairy activity with the industry buoyed by a combination of soaring world milk production prices and record milk production levels.

Horowhenua households are also becoming increasingly willing to spend and invest. Retail spending of $284 million last year was an increase of 3.8% to the previous year. The increase was nearly three times higher than that for the Manawatu-Wanganui region (1.4%) and also higher than nationally (3.4%).

The number of new cars registered in Horowhenua increased by 35.8% last year, higher than that for the region (10.7%) and nationally (15.7%). Commercial vehicle registrations also soared, up by 40.8%, aided by favourable vehicle prices and rising business confidence.

Residential building consents were up 12.7%, a real contrast to the region's decrease of 9.5%, while non-residential building consents increased by nearly 36%, also comparing very well against the regional increase of 24.2% and national increase of 5.5%.

Horowhenua's labour market is also improving with the unemployment rate dropping from 10.6 % to 9.5%.

Horowhenua Mayor Brendan Duffy says the fact that Horowhenua's economy continues to grow is proof the District is becoming a more attractive place to live, shop and do businesses.

"These results show strong signs of optimism and this is encouraging for our community, all of us."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news