Our quarterly economic monitor provides a focused, timely, finger-on-the-pulse insight into how the Tairāwhiti economy has performed over the previous quarter with expert commentary from Infometrics' regional economists and a range of economic indicators.
The latest lockdown may have shaken business confidence but economic data from before the delta outbreak shows the region’s economy was on the rise.
Provisional estimates from Infometrics showed the Tairāwhiti economy continued its growth in June 2021, with quarterly economic activity rising 12.1% per annum from the lockdown affected June 2020 quarter. This result increased year-end growth to 5.6% pa.Read more
Tairāwhiti’s economy took a breath in the March 2021 quarter, following its impressive recovery over the preceding two quarters.
According to provisional estimates from Infometrics, the area’s economy contracted marginally compared to the March 2020 quarter. However, economic activity was still up 1.2 percent pa over the year to March 2021, a far better result than the 3 percent decline in the national economy.Read More
Tairāwhiti continues economic growth.
Tairāwhiti and Hawke's Bay show best regional economic performance.
Tairāwhiti showed continued economic growth in the last quarter, sharing the top spot with Hawke’s Bay for best regional economic performance, latest figures show.
According to new data released by Infometrics, Tairāwhiti recorded a 3.7 percent rise in activity in the December 2020 quarter.
Quarterly economic data released by Infometrics yesterday shows Tairawhiti is the only region in New Zealand to record economic growth in the year ending September.
Brad Olsen, a Senior Economist at Infometrics and a leading economic commentator across New Zealand commented, “The Tairāwhiti economy saw sustained and solid economic growth in the September quarter, as activity surged post-lockdown. Provisional estimates from Infometrics show economic activity in the region rose 2.0%pa in the September quarter, meaning Tairāwhiti was the only region to record economic growth over the last 12 months.”Read More
Activity in the June 2020 quarter itself was down 8.3% compared to the same quarter in 2019, the smallest regional contraction across the country. The region's strong primary sector and the small size of the international tourism sector, is helping shield Tairāwhiti from the worst effects of the economic downturn.
Trust Tairāwhiti GM Commercial Richard Searle acknowledged the region's primary industry. "Meat exports nationally rose 0.4%pa in the June quarter, even as forestry exports, another major economic contributor in Tairāwhiti, saw a decline.”