Six Monthly Economic Report (to Dec 13)
Here is a summary of the latest six-monthly economic report for the Manawatu-Wanganui Region and a brief commentary on 2007 – 2013 regional GDP data released by Statistics New Zealand last week.
Regional Economic Report (December 2013)
Key trends for the December quarter and the year ended December 2013 were:
- GDP growth slowed in the Manawatū-Wanganui region in the December 2013 quarter. Horizons North-West GDP increased by 0.8% in the year to December, while Horizons South-East GDP increased by 1.2%. National GDP increased by 2.7% in the year to December 2013.
- The value of Paymark electronic transactions increased by 3.5% in the Wanganui region and by 9.5% in the Palmerston North region. National electronic card spending growth was 7.5%.
- Guest nights in commercial accommodation increased by 13.2% in Horizons North-West and by 7.1% in Horizons South-East. New Zealand guest nights increased by 3.8%.
- The total number of people registered for Ministry of Social Development benefits in Horizons North-West declined by 2.0% from December 2012, and Horizons South-East declined by 1.3%. Total benefit numbers in New Zealand declined by 5.1%.
- The number of consents approved in the December quarter for new residential buildings increased by 5% in Horizons North-West but declined by 34% in Horizons South-East. New Zealand consents increased by 32%.
- Total building consent values in the December quarter increased by 8% in Horizons North-West but declined by 29% in Horizons South-East. New Zealand increased by 17%.
- The recently announced increase in the Fonterra farm-gate payout price to $8.75 per kg of milk solids is estimated to add around $330 million to dairy farmer incomes in the region in the current season compared with the previous season. Most of this increase in income will occur in Horizons South-East, which has 80% of the region’s dairy cattle.
Economic Update - March 2014
Here is the latest monthly economic update, with comments on the latest retail trade spending (Paymark) and overseas migration data for February.
Key trends were:
Strong growth in international and domestic electronic card spending in the Manawatu region due to strong growth in spending in Palmerston North:
- International card retail spending in Palmerston North increased by 14% in February (compared with February 2013) while overall international card spending in New Zealand increased by 6%
- Domestic card retail spending in Palmerston North increased by 8.0% in February (compared with February 2013) while overall domestic card spending in New Zealand increased by 6.1%
- Growth in accommodation spending in Palmerston North is contributing to the strong growth rate in electronic card spending, with a 21% increase in domestic card spending on accommodation in Palmerston North in February.
Net overseas migration has improved strongly in the Manawatu region over the last 12 months:
- Net migration improved from a net loss of 308 people in the 12 months to February 2013 to a net gain of 210 people in the year to February 2014
- There was an 11% increase in the number of arrivals in the last 12 months and a 22% decline in the number of people leaving from the region to move overseas
April What's On Training & Development Guide
Please note the Morrison Creed - Thursday 24th April presentation "Understanding the KPI’s in your business" as been postphoned and will be rescheduled in May.
Vision Manawatu March Newsletter
Leading city businessman appointed to Vision Manawatu
The former chief executive of Higgins Group Holdings Ltd, Alan Cockrell, has been appointed to the role of chief executive of Vision Manawatu.
Vision Manawatu Trust Board chair Anne Podd says Alan is an experienced, visionary businessman who will bring a wealth of knowledge to his new role that will be a huge benefit to the economic development of our the city and district.
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The former chief executive of Higgins Group Holdin Read More
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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.