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

 


Capital’s economic data and building consent numbers good

20 May 2014

Capital’s economic data and building consent numbers looking good!

Quarterly regional economic data released today by ANZ shows that the Wellington economy has recorded its seventh consecutive rise in economic activity, the longest consecutive span recorded since 2003. Year-on-year economic growth has also accelerated to a 3-year high in the Wellington region.

“This is very encouraging for the Wellington economy, and shows that we are continuing to make good progress towards the goals set out in our Economic Development Strategy” says Councillor Jo Coughlan, Chair of Council’s Economic Growth and Arts Committee.

“While retail remains challenging, the news is generally positive, and includes a 2.5% increase in employment numbers. Another highlight is that the value of commercial building consents issued in Wellington has more than doubled in the March quarter, to hit a five year high.”

“Wellington has a key role to play in the growth of the New Zealand economy and the release of this data demonstrates that while there is still work to be done, we are continuing to head in the right direction” says Councillor Coughlan.

The full report can be found at http://www.anz.co.nz/resources/d/e/de64dab1-3924-45aa-bc4f-12bec7100410/ANZ-Regional-Trends-20142005.pdf?MOD=AJPERES&CACHEID=de64dab1-3924-45aa-bc4f-12bec7100410

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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