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

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news