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

 

People head for Capital as economy reboots

People head for Capital as economy reboots

Quarterly economic data for Wellington City released today indicates that the local economy is continuing to recover, with increased net migration, improved retail sales, high levels of building consents, and a drop in unemployment.

The Quarterly Economic Monitor commissioned by Wellington City Council and conducted by Infometrics reports on economy activity for the year to March 2014.

Highlights of the report include:
Conditions in Wellington’s labour market are improving, with the unemployment at 6.4%, down from 7.5% a year earlier. Improving job prospects are encouraging more migration to Wellington, with net migration over the March year totalling more than 1000 people, compared with a low of 250 two years ago.

Residential building consents grew an exceptional 49% over the year to March, pushed up by a large number of apartment consents in the December quarter – compared with a national increase of 28.6% over the same period.

Non-residential building activity has also risen to a four year high, with consents to the value of $302 million issued in Wellington City during the year to March - a 44.6% increase.

Retail trade data shows retail sales in Wellington grew 3.9% in the year to March – slightly above national growth of 3.7%.

“These results send a positive message that the Wellington economy is making a good recovery across a broad range of industry sectors,” says Councillor Jo Coughlan, the Chair of the Council’s Economic Growth and Arts Committee.

“Improved job prospects and increased net migration are great signs that we are making progress towards the goals set out in our Economic Growth Strategy – particularly the Destination Wellington programme, which aims to attract and retain talent by making the city a great place to live, work and do business,” says Cr Coughlan.

“It is also encouraging to see improvement in the retail sector in Wellington – an area which has faced significant challenges in the past few years.”

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election