Capital Economic Data & Building Consents Looking Good
20 May 2014
Quarterly regional economic data released today by ANZ shows that the Wellington economy has recorded its seventh consecutive rise in economic activity, the longest consecutive span recorded since 2003.
Year-on-year economic growth has also accelerated to a 3-year high in the Wellington region.
“This is very encouraging for the Wellington economy, and shows that we are continuing to make good progress towards the goals set out in our Economic Development Strategy” says Councillor Jo Coughlan, Chair of Council’s Economic Growth and Arts Committee.
“While retail remains challenging, the news is generally positive, and includes a 2.5% increase in employment numbers. Another highlight is that the value of commercial building consents issued in Wellington has more than doubled in the March quarter, to hit a five year high.”
“Wellington has a key role to play in the growth of the New Zealand economy and the release of this data demonstrates that while there is still work to be done, we are continuing to head in the right direction” says Councillor Coughlan.
For the full report: High Roller - May 2014 - ANZ Bank (892KB PDF)