Search Manawatū

Your March 2024 Quarterly Dashboard - The latest regional data at a glance

It's here! Your hot off the press Manawatū Quarterly Economic highlights and key trends for the March 2024 Quarter and year to date, ahead of the full snapshot.

The latest economic data shows that annual inflation is sitting at 4% both nationally and for Manawatū in the year to March 2024.

Unemployment has increased slightly over the year, reflecting tight labour conditions nationally that Manawatū is not immune from, especially as job cuts across the public and private sector continue to be rolled out. While GDP growth for Manawatū is in the negatives, declining 0.6% for the year to March 2024, this comes off the back of a very strong few years of growth for our region.

Annual consumer spend saw a slight increase of 1.7%, which is lower than the New Zealand average of 2.8%. The challenging times of our businesses and households continue, with high living costs impacting overall discretionary spending.

This dashboard is designed to give you a quick overview of the latest data and insights for our region, against a national context. This dashboard is published prior to the more in depth Manawatū Quarterly Economic Snapshot which offers more detailed insights, trends and commentary from key sectors and will be released in the coming weeks.

This was published in the 60 Seconds with CEDA newsletter on June 11, 2024. Sign up here to receive our newsletters directly

Get in touch with a Business Growth Advisor

As a first step, we’ll need you to register through the Regionsl Business Partner Network below, and then one of CEDA’s Business Growth Advisors will be in touch.
Register Now

Ō Mātou Kaihāpai | Our Supporters

Level 1, 5 Broadway Ave,
Palmerston North
PO Box 12005

Palmerston North 4410
+64 6 350 1830 
[email protected]
0800 CEDA SUPPORT (233 278)
© 2024 CEDA - Central Economic Development Agency. | Site Policy | Privacy Policy