The Manawatū District economy is distinct from our neighbours, our business and rural sectors are affected, and respond differently, to the ever changing markets and policies. We produce a quarterly dashboard report about our economic indicators to inform and assist the business, rural and residential communities.
Manawatū District Economy joins billion dollar club
The value of the Manawatū District economy surpassed $1bn in value for the first time.
GDP increased by $34m over the year growing an impressive 3.5%. This compares with 2.5% growth for New Zealand and 2.7% for Manawatū-Whanganui.
Manawatū is definitely well ahead of most of New Zealand in terms of our economic performance and confirms the strength of the local economy, says Manawatū District economist Stacey Bell.
“Against a backdrop of global uncertainty, the continuation of strong export demand conditions for our goods and services and healthy commodity prices continues to boost the Manawatu District Economy.
The service industries are responding to strong income growth from our productive sector, jobs are being created, people are moving here to take up employment, people are earning money and households are confident to spend”.
The local economy continues to be a good news story for the Manawatū District.
All statistics relate to year ended 30 June 2019
View the June Economic Dashboard (152KB pdf)
Manawatū District economy showing no signs of slowing down.
The Manawatū District economy is showing no signs of slowing down according to the latest quarterly economic dashboard.
The District is benefiting considerably from strong global demand for our agricultural products. Despite the global slowdown, there is no sign of demand for good quality New Zealand food products declining at all. This is driving employment opportunities and increasing living standards in our District.
While global conditions will always have an impact on a trading nation such as New Zealand, economic conditions in the Manawatū District (and the wider region) are strong.
Manawatū District Council economist Stacey Bell attributes the strong local economy to the strength of trade conditions, robust levels of investment, strong population and jobs growth, lifestyle options as well as our proximity to Palmerston North City which means a greater range of opportunities for our residents.
“There are more educational and training options, and greater opportunities to advance in our career of choice,” she says.
Commercial and local and central government investment across the district and the region is boosting spending and employment and is expected to continue to do so through 2019 and beyond.
“The future is looking bright for the residents of the Manawatū."
View the March Economic dashboard (169KB pdf)