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. 

Read more: Six Monthly Economic Report (to Dec 13)

 

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

Click Here for full report

 

 

 

April What's On Training & Development Guide

The What's On Training & Development Guide is sent out monthly and contains the following month's regional offerings for training, workshops and events, there is something in there for everyone!  Organisations who want to list their training on the guide just need to contact us, at  This e-mail address is being protected from spambots. You need JavaScript enabled to view it  or phone 06 350 1830

Click here to view the April edition

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.

 

Click here if you would like to join up to receive the monthly email

 

 

   

March Newsletter

Vision Manawatu March Newsletter

Click here to view

 

 

 

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.

Read more: Leading city businessman appointed to Vision Manawatu

   

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