20 May 2014
Capital’s economic data and building consent numbers looking good!
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.
The full report can be found at http://www.anz.co.nz/resources/d/e/de64dab1-3924-45aa-bc4f-12bec7100410/ANZ-Regional-Trends-20142005.pdf?MOD=AJPERES=de64dab1-3924-45aa-bc4f-12bec7100410
ENDS