Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Manawatū District economy goes from strength to strength

25 November 2019


Manawatū District economy continues to lead the region going from strength to strength and exceeding the national growth rate.

The economy grew by 3.1 per cent to the year ended September. This is the highest growth rate in the Manawatū-Whanganui region and exceeds the national growth rate of 2.4 per cent.

The Manawatū-Whanganui region includes Manawatū District Council, Whanganui District Council, Palmerston North City Council, Rangitikei District Council, Tararua Dictrict Council, Horowhenua District Council, and Ruapehu District Council.

This strong economic performance is driven by population growth, favourable trade conditions, high employment, house price growth, robust consumer and tourism spending and high levels of investment flowing into the district.

Manawatū District Council’s economist Stacey Bell, says that construction was one of the stand-outs in this growth with the overall value of construction investment increasing by 50.2 per cent to the year ended September 2019, from the previous year.

The District is being recognised as a great place to live and housing demand is high. This is reflected in particularly strong levels of residential investment.

“To put this in perspective, the total value of residential consents in the District increased by 34.3 per cent from the previous year, while the number of new dwellings increased by 35.6 per cent over the same period. In total, 221 new homes were consented in the district over the year to September.”

Commercial investment also contributed significantly to the strength of the economy with investment increasing from $7.2m in 2018 to a total of $23m.

“Upgrades at Ohakea Air Force Base accounted for $9m of this total, and there is also investment underway within the industrial area of Feilding township. Commercial investment consents in the Feilding industrial area were valued at over seven million dollars over the year to September 2019.”

“Commercial investment is particularly encouraging as it reflects the confidence of business in the future of the local economy and the attractiveness of the Manawatū District as a place to set-up and do business, providing jobs and boosting economic activity in our district.”

With strong commodity prices for goods produced in the Manawatū District alongside unprecedented levels of investment and strong population and employment growth, there are no signs of the district economy slowing down anytime soon.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Covid-19: Dissolution Of Parliament Delayed As Govt Hunts Source Of New infections


The dissolution of Parliament has been deferred by at a least a few days due to the new covid-19 cases, Prime Minister Jacinda Ardern said.
This was in case Parliament had to be reconvened as more information came to light, Ardern said at a briefing on the three-day level 3 lockdown in Auckland and level 2 alert for the rest of the country.
A decision about the dissolution of Parliament and any flow on effects for the timing of the election would be considered on Monday, Ardern said... More>>

 

Government: Plan To Tackle Problem Plastics

Following the success of the phase out of single-use plastic shopping bags, the Government now has plans to phase out more single-use and problem plastics to reduce waste and protect the environment announced Associate Minister for the Environment ... More>>

ALSO:

Gordon Campbell: On The New Lockdowns, Leadership And Lebanon

As Melbourne has shown, the webs of urban life overlap so extensively that community transmission can be very hard to trace, let alone control. Each of the family members in the South Auckland family at the centre of the current outbreak will have had ... More>>


ALSO:

National: Emma Mellow As Auckland Central Candidate

Tonight the National Party has selected Emma Mellow to stand in the Auckland Central electorate for the 2020 General Election. Emma Mellow replaces retiring MP Nikki Kaye who first won the seat from Labour in 2008. Emma leads a team of communications ... More>>

ALSO:

Travel: Update On New Zealand And The Cook Islands Bubble

The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Henry Puna have welcomed the completion of phase one in the establishment of a travel bubble between New Zealand and the Cook Island. More>>

Election 2020: Labour Launch

E ngā mana e ngā reo Ngāti whātua ngā mana whenua o Tāmaki Makaurau, e tika te kōrero Ehara taku toa he toa (taki tahi) he toa (taki tini) No rēira tātou e huihui mai nei, ka ‘Hoake tonu tātou’ Thank you for that welcome. And thank ... More>>

Gordon Campbell: On Political Twins, And On Labour Extending Its Wage Subsidy Scheme

A quick quiz for the weekend. Which political party currently represented in Parliament issued a press release yesterday that contained these stirring passages: “[We have] long supported a free trade and free movement area between Canada, Australia, New ... More>>

ALSO:


Covid-19: Poll On Management Approval

New Zealanders’ overall trust in the Ministry of Health and Government to manage the COVID-19 pandemic is at 82%, down from 91% during April. Overall distrust that the Ministry and Government will manage it in ways which best protect themselves More>>

Election 2020: National Releases 2020 Party List

National’s 2020 Party List is a strong mix of experience coming up through our Caucus, and new and exciting talent joining our team from communities across New Zealand, Party President Peter Goodfellow says. “The National Party is incredibly ... More>>

Horizon Research Limited: How Judith Collins Stopped The Bleeding

Horizon Research includes questions on voting from time to time in its surveys – for both forthcoming referenda and general elections. More>>

Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

International Security: New Zealand Suspends Extradition Treaty With Hong Kong

The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels