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

 


Provincial New Zealand joins the ‘rock star’ economic band

Media Release

FREEPHONE 0800 327 646 I WEBSITE WWW.FEDFARM.ORG.NZ 

26 February 2014

Provincial New Zealand joins the ‘rock star’ economic band

Federated Farmers believes ANZ’s Regional Trends confirms that provincial New Zealand is directly benefitting from our primary success story.  This follows CNBC highlighting primary as a key element in New Zealand status as an economic ‘rock star’.

“You could say that provincial New Zealand is getting on the tour bus given what ANZ’s Regional Trends is telling us,” says Bruce Wills, Federated Farmers President.

“While we’ve still got a long way to go, I think many Kiwis are starting to see the light at the end of the economic tunnel. 

“Only last week did the Ministry for Primary Industries project upwards, by $4.9 billion, New Zealand’s primary exports forecast for 2013/14.  That’s now expected to be some $36.4 billion this 2013/14 season.

“The Northland economy achieved its best economic performance in nine years with the primary industries being a key contributor.

“New Zealand’s other best performing region in the final quarter of 2013, the West Coast, can look to its primary base as a key reason.

“The two regions which turned in the worst quarterly percentage change are dominated by cities which give those regions their name; Wellington and in last place, Auckland.

“While that picture reverses for year-on-year economic activity, the fact is rural New Zealand at 3.6 percent is not being left in the shade versus the cities average growth of 4.9 percent. 

“It must also be remembered that warehousing, processing and logistics means the cities have a massive stake in our success as the primary world’s ‘lucky country.’.

“While the Christchurch rebuild is acting like an economic super charger for Canterbury, that fact shouldn’t mask the massive contribution rural makes to its economy.

“Overall, ANZ’s Regional Trends tells me that we’re getting into a good economic space and our primary industries doing their bit for New Zealand,” Mr Wills concluded.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news