Regional Economic Profile
The Regional Economic Profile should be the starting point for any discussion about your region’s economy, as it provides a wealth of baseline economic information. It provides an in-depth description of your region’s or district’s economic structure and performance over the past year and previous years. It is a dynamic report enabling you to change dimensions of the tables and charts. The report can be integrated seamlessly into your website.
Keep your finger on the economic pulse
The Regional Quarterly Monitor is a cost effective way of regularly monitoring the economic performance of your city, district or region. We report on a wide range of economic indicators, including: economic activity, the labour market, retail sales, construction, the housing market, and electricity consumption. We use technology to speed up the preparation of the reports, which enables us to keep costs down.
Profile your workforce
The Workforce Profile helps you understand the changing skill needs in your district. It describes the changing demand for occupations and what this means for the demand for qualifications. It enables you to monitor equity issues with measures of employment by ethnicity, gender, and age.
Plan for future skill needs
For your region to meet its future potential, it will need to ensure that the skills required by employers are available. The Tomorrow’s Workforce report will give workforce planners and tertiary education providers an understanding of where the regional economy is heading and which occupations and qualifications will be required in the future.
Monitor your key sectors (available later in 2013)
The Sector Performance Tool will enable you to monitor the performance of key sectors which you define. If the standard industry categories from Statistics New Zealand do not fit with your region’s economy then the Sector Performance Tool will help you. The tool gives you substantial flexibility in defining industries and will estimate a range of performance indicators and generate a report for each sector.
Enhance your export performance (available later in 2013)
Your region can enhance its performance by tapping into the international market. The Export Performance Tool will help you gauge how well your region’s exports are performing. Identify which are your major exporting industries and which have experienced the highest growth. You can adjust the assumptions to refine the estimates.
Outstrip your neighbours (available later in 2013)
The Regional Performance Tool helps you monitor your performance relative to other districts or regions in New Zealand. Compare your district’s key performance indicators against all other districts in New Zealand.
Measure the impact of shocks (available later in 2013)
The Economic Impact Tool enables you to quantify the impact of economic shocks such as a new investment or factory closure. It will enable you to provide your stakeholders with robust analysis of upcoming changes in your local economy. The tool predicts the expected number of jobs created or lost and the impact on regional economic output associated with the economic shock.
Have all the data at your fingertips
The Regional Data Service is a single comprehensive and well-ordered database that brings together numerous sources of regional information. The time series database includes our own estimates of regional GDP and regional employment together with indicators of the labour market, property market, retail sales, vehicle sales, electricity consumption, and agriculture.
Look into the future
Infometrics maintains a forecasting framework for every territorial authority in New Zealand. We provide forecasts of industry output and employment for each district that is consistent with current macroeconomic prospects. The method links key macroeconomic indicators (e.g. inflation, interest rates, unemployment, the exchange rate, business profitability etc) to prospects for individual industries in each district. If necessary we can supplement this forecast approach with general equilibrium analysis.
However, the strength of our regional forecast approach is that it focuses on the dynamics of the growth process and it ensures consistency with macroeconomic prospects. The framework can be used to generate long-term projections over a 50-year horizon - a useful tool in the development of scenarios and conducting risk analysis.
The forecasts can be customised to meet the specific requirements of your organisation. This customisation might include the monitoring and forecasting of specific industries or territorial authorities, the implications for employment by occupation and consequent training requirements, and/or assistance with the development of organisation specific plans.
Maps that can help you understand the dataInfometrics’ GIS capabilities enable us to display regional socio-economic information on a map and conduct complex spatial analysis. We have developed estimates of economic output and employment down to the area unit level (area units are approximately equivalent to suburbs), which enable us to identify small areas of economic and employment growth.
Concise and attractive
Our infographics convey a wealth of information about your local economy in a concise and visually attractive way. They make economic information accessible to a wide audience.
The Summary Infographic provides a two page overview of the headline findings from the region’s Economic Profile. It covers the economy, labour market, productivity, population, business growth and standard of living.
The Indicators Infographic shows how your local economy compares against 65 other territorial authorities according to 20 indicators of performance, structure and size. You will be able to identify your region’s strengths and weaknesses at a glance.