We enjoy getting feedback from our clients – their input informs our product development and how we deliver our products and services. Infometrics posed some questions to the Economic Development Manager at a prominent South Island Council – here are his answers. Infometrics: What did you find as a result of buying Infometrics’ web-based profiles? … Read more South Island council gains regional insights
The Christchurch earthquakes mean thatpopulation movements around New Zealand since the 2006 census have beendifferent to previous trends. This article outlines some of the key overalltrends in population movements around the country, examines the most and leastpopular places to move to in the latest data, and looks at some of thesignificant changes in people’s preferences compared with the first half oflast decade.
“Greater Wellington Regional Council has subscribed to the Infometrics regional profile and tools for the last 2 years. It is the initial go to source for our economic analysis, indicators and monitoring activities. It has also allowed us to quickly deal with customised economic data and information requests from across the council. At a regional … Read more Wellington RC makes use of Infometrics’ comprehensive economic data
“Knowing the economic state of the district has always been key to making the best decisions for our community. Infometrics has provided information over the years that has meant our Council has and can continue to operate strategically when considering various projects and opportunities. Infometrics products have always been relevant, user friendly and added significant … Read more South Waikato uses Infometrics to make better decisions
“I highly recommend the Infometrics online analysis tool, initially when purchasing this product there was concern about the pricing but the value of the information and ongoing support from the team at Infometrics soon made it clear this was a value for money product and we have had good value. The product is very easy … Read more Wanganui can benchmark themselves against other regions
“Infometrics’ regional products have given us a deep understanding of Hamilton’s economy. Being able to work from a consistent data source is very important for us. The products save us the hassle of collating multiple data sources which are often disparate. We are impressed by Infometrics’ commitment to continually expand and improve the product. We … Read more Making economic analysis easier for Hamilton
Airlines have dominated the news this financial reportingseason, with results showing Air New Zealand going from strength to strength,while Jetstar lost significant ground in the New Zealand domestic market. Althoughthe ensuing media storm has centred on claims that Air New Zealand’s profitsurge was partly driven by monopolistic exploitation of travellers fromregional centres, it is more constructive to back up a couple of steps and tryto understand the backdrop to the perceived problem.
Anticipatingfuture population growth is crucial for local councils to adequately plan forthe provision of services and to anticipate the future rates base. There arenumerous factors which influence the future population of regions including howmuch new land is opened up for development, its attractiveness for retirees andits economic prospects.
There has been increasing discussion in the media over recent weeks about the plight of some of our provincial and rural economies. Shamubeel Eaqub from the NZIER has sparked debate by highlighting the situation and suggesting a greater regional focus in economic policy. What he is actually advocating in practice is a little unclear given that he says "for stagnating regions we need to build on their capabilities – help where there is a credible chance that the cost of investments will be more than repaid by future benefits" at the same time as saying that "current strategies of investment attraction and picking winners are not working." My colleague, Benje Patterson, when writing a few weeks ago, rejected explicit government involvement in propping up businesses in rural areas, stating that "industry subsidies … tend to lead to less efficient resource allocations and weaken overall economic returns in New Zealand."
There has been talk of late that the gap between the economic performances of our provinces and major urban environments is widening. However, even though these types of comments have been well intentioned, generalised conclusions of this nature are unsubstantiated by economic data and unhelpful from a policy perspective. Apart from some isolated cases of regional struggles, the majority of provincial economies have outperformed major cities over the past decade.