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

Gordon Campbell:
On Hit & Run

The ‘living in denial’ reactions to the Hit and Run book by Nicky Hager and Jon Stephenson all tend to minimize the military raid in question, and the level of carnage involved.

Those reactions include the likes of
(a) within war zones mistakes will always happen, this happened years ago, and something similar happens in Afghanistan, Yemen and Syria every day.
(b) Civilians tend to be among the victims partly because in an insurgency it’s hard to tell the rebels from the civilians they live and operate among. And finally,
(c) Who should be surprised to find that when bureaucracies make mistakes, they deny and downplay their own errors to protect the wider mission.

All of those responses have been evident in the reaction thus far to Hit and Run, and they don’t stand up to analysis. More>>

 

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

PM's Press Conference: Water Everywhere

Monday's Post-Cabinet press conference focused on water, with the Prime Minister fielding questions about the possibility pricing water taken for export. Mr English said the government was directing their water allocation technical advisory group to include export water in considerations. More>>

ALSO:

Kim Workman: Reality Check Needed For Public Service Reoffending Target

Reducing the prison population results in a reduction in re-offending. Shortening sentences reduces reoffending... More>>

ALSO:

PSA: Minister Should Stop Dodging On Salisbury School

"The decision around the future of Salisbury School has been overdue for months, and the ambiguity is leaving parents, staff and students in limbo. It’s time the Minister stopped hiding, muddying the waters and being dishonest about her Ministry’s intentions," says Erin Polaczuk, PSA national secretary. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news