Regional Growth – a composite of several measures
According to the National Bank Regional Trends, Taranaki recorded an increase in growth for the June 2012 quarter of 3.0 percent.
Year-on-year growth for Taranaki reflected an increase of 2.3 percent.
The Consumer Price Index was 0.3 percent higher in the June 2012 quarter relative to the previous quarter.
Gross Domestic product was up 0.6 percent in the June 2012 quarter, following a 0.3 percent increase in the December 2011 quarter.
Unemployment in the June 2012 quarter was 3.8 percent for Taranaki, well below the national average of 6.6 percent.
Live resident births in Taranaki reflected a decrease of 1.8 percent for the 12 months to June 2012, relative to the previous 12 months.
Resident deaths were up 1.5 percent in Taranaki for the 12 month period to June 2012.
The median rent for New Plymouth was $290 per week, (August 2012)which is on par with the previous result.
Retail sales for the Taranaki region for the June 2012 quarter were $375.6 million, an increase on the March 2011 quarter.
Home affordability reflected an annual improvement for Taranaki of 2.2 percent, though deteriorated 3.6 percent in the June 2012 quarter.
Consumer confidence for the combined Taranaki, Manawatu and Whanganui regions declined in the June 2012 quarter, with pessimists outweighing optimists.
Employment confidence for the Taranaki, Manawatu and Whanganui region declined in the June 2012 quarter to 93.8.
For the 12 months to June 2012, there were 1,124 international arrivals and 1,679 international departures from Taranaki, resulting in a net loss of 555 people.
Building Consents –Total
For the 12 month period to June 2012, total consents valued $244.8m were issued in the Taranaki region, a decrease of 8.6 percent on 2011.
Room nights sold for the six months to June 2012 increased 13.7 percent in Taranaki. Nationally, the number fell 1.6 percent.
Refer to the Taranaki Trends for more information about the Taranaki Economic Environment.