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

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news