Economic updates

The Core Cities analysis was developed to better understand the role and economic contribution the largest cities make to the New Zealand economy and to identify the competitive advantage and distinctiveness of each city-region. It is planned to update the analysis for Palmerston North when Census 2018 data is available.

These reports are produced to provide a better understanding of what contributes to population, household and economic growth in the city and the longer-term outlook for growth. The projections report is updated every two to three years.

These reports provide an overview of economic trends for sub-regions in the Manawatū-Whanganui region and brief overviews for each territorial authority. The report is updated every six months.

The annual economic indicators show how our local economy is doing as of March 2024. It includes the following metrics:

• GDP
• number of businesses
• survival rate
• employee count
• unemployment rate
• Jobseeker support recipients
• building consents
• annual earnings
• median earnings
• average household income
• retail and visitor electronic card spending
• average house value
• home ownership and rental affordability.

For the most recent data, see the latest quarterly economic indicators.

This report provides an overview of key indicators of economic activity in Palmerston North. Up until the September 2022 quarter, the Infometrics quarterly economic monitor provided an update of economic conditions in Palmerston North. From the December 2022 quarter, the monitor has been replaced by the quarterly economic update, which reports on the most recent data for the city as well as the latest full quarter data. The report is updated every 3 months.

We also produce quarterly economic updates for the region, which are distributed by the Central Economic Development Agency, CEDA. You can read these reports on the CEDA website.