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

 


Strong Start to 2014 for Manawatū Region

Strong Start to 2014 for Manawatū Region

The latest Manawatū Economic Outlook report highlights a strong start to the 2014 year for the Manawatū region.

Infometrics gross domestic product (GDP) estimates for the March quarter suggest GDP growth in the region was 2.9% up over the March quarter last year.

The high milk pay-out price, improved migration and strong growth in visitor spending are among the factors supporting stronger growth in the region.

Alan Cockrell, chief executive of Vision Manawatū, welcomed data showing an improvement in annual net migration in the region of 581 people. This increase is largely due to a 30% decline in the number of people leaving the region to move overseas in the March quarter and is a useful indicator of increasing confidence in the region.

GDP growth in the Manawatū region was 1.5% in the year to March, reflecting weak growth back in the June quarter in 2013. The short-term impact of last year’s drought earlier in 2013 meant cows were dried off earlier, reducing milk production in the June quarter. The current estimate of 2.9% GDP growth in the March quarter is almost double the rate of the annual increase for the year to March 2014.

Chief executive of Destination Manawatū, Lance Bickford said tourism spending data showed the region is continuing to experience strong growth in domestic and international visitor spending.

Domestic visitor spending in Palmerston North rose by 10.6% in the March quarter (compared with the same period last year), while domestic visitor spending in New Zealand increased by 1.5%. International visitor spending in the City was 9% higher in the March quarter.

The Manawatū Region Quarterly Economic Monitor is produced by Infometrics for Palmerston North City Council and a copy of the full report can be found at pncc.govt.nz


ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Last Days Of Parliament: Slave Ships Bill To Pass

The House resumed at 9am and MPs agreed to add the third reading of the Fisheries (Foreign Charter Vessels and Other Matters) Amendment Bill to this morning’s business.

The bill requires all foreign owned fishing vessels to fly under a New Zealand flag from May 2016 and obey all New Zealand laws. This includes labour laws...

Last night Opposition MPs accused the Maori Party of blocking the passage of this bill into law in this Parliament, no members of the Maori Party were in the House to answer the accusations though they denied this in a press release. More>>

 

Parliament Today:

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences. More>>

ALSO:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news