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

 

Manawatu bucks national trend

PRESS RELEASE

12.09.08

STARTS

Manawatu bucks national trend

Manawatu’s economic performance remains steady in key sectors despite the downturn being experienced throughout the country, according to Vision Manawatu’s Quarterly Economic Performance report released today.

The position is a strong one to be in, says Chief Executive Andrew Powrie.

“Given the state of the economy through out the country our region is doing well,” he said.

“There has been growth happening, it’s just smaller than we have had of late.

The growth results highlight the core strengths in the region in established sectors and the indicators point to continued growth happening in the next year.

“That is a great position for our local economy to be in,” Mr Powrie said.

Retail spending rose during the last year and corresponds with the increase of 12 percent in visitors that stayed overnight.

“Visitors numbers are another likely growth area with their projected increase in spending up to 15 percent – that’s on top of residents spending power.”

While the number of non-residential buildings to be built decreased, the value of the buildings leapt by nearly 50 percent and grew well ahead of the national the level. The construction sector has seen a 12.6 percent increase on last year, while retail sales were buoyant experiencing a rise of 17.3%.

Negative growth was recorded by agriculture, education, healthy and community services and cultural and recreation services sectors.

ENDS

Manawatu_Region_Economic_Performance_YE_Jun_2008.pdf

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>



Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>




Statistics: Card Spending Continues To Increase As COVID-19 Restrictions Ease

The busy Christmas period combined with easing COVID-19 restrictions helped to increase card spending in December 2021, Stats NZ said today... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>