Positive Outlook For Regional Economy
Auckland Regional Council Release
6 March, 2000
At the
launch of the document Auckland Region: Business and Economy
2000, Philip Warren, Chairman of the Auckland Regional
Council, said that the future of business in Auckland looks
very encouraging.
"For example", said Mr Warren, "growth
in the Auckland manufacturing sector is expected to average
4.5% over the next two years and the prospects for the
business and financial services sector also look promising.
In fact we are seeing encouraging futures in all of the
region’s industries."
Telecommunications employment in
the Auckland region grew by 13% in the year to February
1999. This can largely be attributed to increased cell phone
use. With the intense competition between the two main
providers of this service it is expected that the growth
will continue.
Mr Warren also points to the Ports of
Auckland, which has had an increase in container volumes of
5.4% in 1999.
"However it must be realised that while
growth will be sustained, it will be steady rather than
spectacular."
Mr Warren was quoting Auckland Region:
Business and Economy 2000; a report that examines the
current state of the Auckland Region’s economy and its
future prospects.
The Auckland region is of particular
importance to the New Zealand economy as a whole. For the
year to March 1999 the Auckland region accounted for 33.8%
of New Zealand’s total value-added. Or in dollars, this
equates to $33.4 billion.
Also presenting at the launch
were Rod Oram, of the Business Herald, and Jim Watson, CEO
of Genesis Research & Development Corporation.
For further
information please call:
Philip Warren, Chairman
Auckland Regional Council,
Tel. (09) 366 2000 extn
7111