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Industries & sectors

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Recent Infometrics data provides the first comprehensive analysis of the impact of COVID-19 on different industries and local areas across New Zealand. Our regional and sector data, which sits behind our Regional Economic Profiles and Sector Profiles, was updated in early February 2022 with estimates for the year ending March 2021. Our analysis shows a considerable shock to parts of the New Zealand economy, and the weakest period of employment activity since the Global Financial Crisis (GFC). Read


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With Omicron set to spread across New Zealand over the coming weeks, many businesses are faced with making tough decisions about how to best protect their workforce and ongoing operations. We estimate that absenteeism could rise to 12% of the workforce, if key government forecasts bear out, which would hamper activity. Read


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The bounce back from Lockdown 2.0 has begun, but the overall recovery has been restrained by Auckland remaining at higher alert levels. Auckland’s move to Level 3 is welcome news, with a larger amount of economic activity to take place. But risks remain for the pace of New Zealand’s rebound, with supply chain issues and the need to balance health and economic priorities creating a difficult set of choices. Read


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Labour market pressures are building across New Zealand, with rising employment, higher job ads, practically non-existent migration, and difficulty finding workers. New Zealand’s strong levels of demand, coupled with a restricted supply (of both workers and materials), means that businesses are having to pay more for a limited pool of talent. Read


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In its recent advice to government, the Climate Change Commission noted that a more circular economy has the potential to reduce greenhouse gas emissions. Reading this, you could be forgiven for thinking the circular economy is just one part of the decarbonisation jigsaw. Read


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Electricity prices have spiked in recent months, with the cost of generating power pushed up by low hydro lake levels and decreased gas output. Read


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Wellington City continues its run as New Zealand’s most creative city, according to the 2020 Infometrics Creativity Index. Wellington City has now topped the rankings for the last 20 years, with a still significant lead over other centres. Read


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The COVID-19 pandemic has had major ramifications for the New Zealand economy and put a spotlight on the structure of local economies. One of the key determinants of how regional economies are performing is how much of a focus they have on either of the tourism or primary sectors. But a bigger issue looms for some areas, with some key industrial players rapidly reassessing their future, which could remove a substantial chunk of activity from some local economies. Read


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New Zealand is slowly moving from the response to the recovery phase of the COVID-19 pandemic. This shift in focus means we’re trying to understand what New Zealand’s recovery path might look like, and where job opportunities might be five years from now. In an earlier article, we looked at industry-level job losses in the short term to March 2021. Read


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Infometrics welcomes Senior Economist Alistair Schorn . Alistair joined Infometrics in February and it feels like a lot has happened since then! Read