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

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news