Manawatū closed 2024 on stronger economic footing, with rising export returns, a tourism rebound, and improving manufacturing conditions signaling early signs of recovery. Employment and spending trends also point to a gradual shift towards growth in 2025.
However, global uncertainty remains a challenge. Potential U.S. policy shifts could disrupt trade, impacting key export sectors like dairy and red meat. Market volatility and inflation concerns are also shaping economic forecasts.
On the upside, expected interest rate cuts and new trade agreements could provide much-needed relief, supporting regional businesses and strengthening New Zealand’s economic resilience.
“While undoubtedly challenges continue in 2025, mammoth efforts are being made, both regionally and at the national level, to secure the economic future of New Zealand, in the face of these external challenges.”
- Notes Jerry Shearman, CEDA's Tumuaki - Chief Executive.
Commentary and Insights - On the ground
In this edition we talk to PN Personnel Recruitment Specialist, Robyn Bills, about what’s happening on the ground in the labour market. With sustained growth still needed to support the wider construction industry, we hear from Dave Crowley – Owner of Scafit. We also spoke with Julia Stewart from Hiwinui Country Estate about their agritourism offerings.
Read more in the December 2024 Quarterly Economic Update here →
