Economic Update - July 2014
Here is the latest monthly economic update, with comments on the latest Ministry of Social Development benefits and overseas migration data for June.
Key trends were:
There were 7,733 people registered for a benefit in the Manawatu region in June, a decline of 210 people from June 2013 (2.6% decline). The total number of benefits in New Zealand declined by 5.2%.
3,002 people registered for the job seekers benefit (2.5% of the national total),
1,672 people registered for sole parent support (2.3% of the national total),
2,879 people registered for the supported living payment (3.1% of the national totay),
180 people were registered for the other benefits (3.5% of the national total).
Major changes to Ministry of Social Development benefits in July 2013 means the data for the main benefit types by local authority is no longer comparable with data for previous years.
The Manawatu region experienced a net population gain of 387 people from overseas migration in the year ended June 2014.
The improvement in net migration reflects a 7% increase in the number of arrivals in the last 12 months and a 30% decline in the number of people leaving from the region to move overseas.
Vision Manawatu June Newsletter
Economic Update - June 2014
Here is the latest monthly economic update, with comments on the latest Paymark retail trade spending data for May and housing affordability as at March 2013.
Key trends were:
There was strong growth in domestic electronic card spending through the Paymark network in the Manawatu region in May
Domestic card retail spending in the Manawatu region increased by 7.6% in May (compared with May 2013) while overall domestic card spending in New Zealand also increased by 7.6%,
Domestic card retail spending in Palmerston North increased by 8.8% in May (compared with May 2013) and by 1.2% in Manawatu District,
The late finish to the school holidays in 2013 may be a factor in the weak increase in spending in Manawatu District this year.
Housing affordability estimates suggest the average house in Palmerston North cost 5.7 times the average wage in the City in March 2013 compared with 8.1% for New Zealand.
Vision Manawatu May Newsletter
Radical overhaul means no more application forms!
Head along to our website www.manawatubusinessawards.com to make your nomination today!
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We're proud to support...
Manawatu Chamber of Commerce
Any business community needs a strong voice to speak on their behalf and this is what the Chamber offers in the Manawatu.
Vision Manawatu has enjoyed a strong working relationship with the Chamber and looks forward to continuing to work together for the benefit of local businesses.
Westpac Manawatu Business Awards
There's no doubting we are an enterprising bunch.
Our region is packed with creative, innovative businesses and individuals whose imagination and determination to succeed make Manawatu the fantastic region that it is. The Westpac Manawatu Business Awards recognise and celebrate the achievements of our region's outstanding business people.
FoodHQ is New Zealand's international centre for collaborative food research. We generate value for the global food industry through innovation across the value chain. The FoodHQ super campus being developed in Palmerston North will give current and future global customers one-door access to the very best in New Zealand food innovation. The collaborative approach creates a faster, easier way for food companies to work with the FoodHQ family.
Vision Manawatu provides staff and administrative support to the Manawatu Defence Hub.
Defence is a key sector for our region and will become even more so in future.
The Defence Hub provides businesses that wish to engage with defence forces a membership based organisation to provide assistance.
The Student City Awards recognise Palmerston North's most vibrant, talented and dedicated students.
The awards celebrate student success and involvement in clubs, societies, student events and the arts, be it theatre, dance, music or visual.
The awards ceremony acknowledges students for their artistic and cultural contributions to student life in Palmerston North.