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

 


Wellington region's numbers show good promise

Business Central
Wellington Employers’ Chamber of Commerce

Media Statement

5 June 2014

Wellington region's numbers show good promise


The Government’s latest Regional Economic Activity Report paints a picture of promise for the Wellington regional economy, with a skilled workforce that is capable of big things into the future, says Business Central and Wellington Employers’ Chamber of Commerce Chief Executive Raewyn Bleakley.

“Far from how some might regard Wellington, this report shows we are an extremely attractive city with a huge amount to be proud of and a solid economic foundation.

“We have the highest concentration of web and digital companies in New Zealand on the back of the fact that we specialise in information, media and telecommunications, particularly in technology, internet and library services.

“Our ICT sector, in particular, is moving ahead in leaps and bounds, and initiatives such as the graduate school announced just this week put us in a great position for the future.

“Our workforce has the highest education attainment levels and skills in New Zealand. Some 82% of our 18-year-olds have a minimum of NZEA Level 2 or the equivalent, compared with 77% nationally, while 60% of those aged between 25-34 have advanced trade qualifications, diplomas or degrees, compared with 52% nationally.

“And the good numbers go on.

“Some 78% of our jobs are skilled or highly skilled, compared with 68% nationally, while 13% of jobs are in the professional, scientific and technical services areas, compared with just 9% nationally.

“And it’s not just the technical jobs. The report shows that our arts and recreation services sector generated the fastest employment growth over the past decade.

“None of this is a surprise but all these factors are behind Wellington’s high GDP per capita and incomes.

“Over the past 12 months, households had the highest average annual household incomes in New Zealand after housing costs are taken into account, with a significantly higher share of households earning more than $100,000 compared to the rest of the country.

“While it’s been a mixed picture over the past few years, these numbers show that in many key areas we are in a great space to take advantage of the opportunities for our knowledge-intensive industries and firms to expand and diversify.

"Despite this there remains much work to do, and we must continue to concentrate on attracting new business and working on ideas to grow our region’s economy further.”


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news