Despite ongoing headwinds, the September quarter showed signs that progress is emerging across the domestic economy. Consumer demand is slowly improving, job losses have stabilised, and business confidence is lifting. With central government activity resuming and recruitment intentions strengthening, the foundations for a stronger 2026 are taking shape.
The Reserve Bank of New Zealand moved firmly into stimulus mode in November, reducing the Official Cash Rate to 2.25%, a full 2% drop since the start of the year. As more households roll onto lower mortgage rates and exporters benefit from a competitive New Zealand dollar, confidence and demand are expected to gradually improve throughout the next year.
“What we’re seeing is a region that remains resilient despite the challenges. The strength of Manawatū has always come from its people - our talent, adaptability and determination. As confidence begins to rebuild, that resilience will be the engine that drives our continued momentum.”
- Notes Jerry Shearman, CEDA's Tumuaki - Chief Executive.
Commentary and Insights - On the ground
