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

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news