Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Report shows brighter economic outlook for Wellington

An increase in productivity in Wellington, as identified by research released today, is excellent news, says Wellington Employers’ Chamber of Commerce Chief Executive Raewyn Bleakley.

“Though the numbers in the Infometrics/Wellington City Council research come from last year, they confirm what more recent surveys have indicated – that the city is on the way back.

“The Chamber’s recent business confidence survey, and a later one by the NZ Institute of Economic Research, showed that businesses are the most optimistic they’ve been for 20 years.

“When taken with this research, it all adds up to an economy which is really starting to move.

“We should now be looking forward with real confidence to the year ahead and beyond.

“With the national economy also predicted to grow in the region of 3 per cent this year, there is a general feeling of optimism in our business community, and that is showing up in these productivity gains.

“This is likely to be the result of many factors, including the council’s long-term economic strategy.

“Our creative and knowledge-based industries are leading the way for us, and we must make sure we attract more of them.

“We must not take our foot off the pedal. We must build on the gains we have made, keep attracting business and businesses, and ensure our arts and events programme continues to be the best in the country.

“These are the things that will contribute to a brighter economic outlook which is great news for our city.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news