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.
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.
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.
Infometrics web-based profiles take the presentation of regional economic data to a new level in New Zealand. They combine a comprehensive, robust set of economic data with a dynamic and interactive interface. They provide an in-depth description of your region or district’s economic structure and performance over the past year and previous years.
Infometrics offers a range of profile packages. The Basic profile provides the fundamental indicators such as GDP, employment, productivity, population, businesses and standard of living. The Premium profile provides a range of additional topics including workforce and skills, knowledge and export performance. The profiles can be published on your public website or kept internally for use by your staff. The Toolkit is for internal use by council staff to conduct in-depth analysis. The Regional Comparator helps you monitor your performance relative to other districts or regions in New Zealand according to a wide range of indicators. The industry profiler enables you to define key industries and analyse how well they are performing in your region.
View an example profile for a hypothetical district at http://staging.infometrics.co.nz/Home/Index/1/87
Monitor your key sectors
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.
Outstrip your neighbours
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.
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.