Business Whanganui Newsletter – January 2017

Business Whanganui Newsletter

January, 2017

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Welcome to the January 2017 edition of our newsletter. Remember to support the Masters Games this weekend some great events and activities still on!

Whanganui has ended the year on fairly positive note which is also in line with the economic performance of the National economy we also start the new year  with a number of events all worth attending check them out.
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Your feedback is important to us please follow this link and let us know what you think about this newsletter it is important to us that we provide a useful tool for our business community.

Business Matters

  • Treasury reports Recent domestic data and business surveys point to a continuation of solid economic and employment growth over the second half of 2016.
  • NZ property market -Recent domestic data and business surveys point to a continuation of solid economic and employment growth over the second half of 2016.
  • Retail card sales for New Zealand still in a growth phase for the same period last year.
  • New Vehicle  sales in New Zealand have continued to grow in December which is a positive indicator of business sentiment.
  • Our traffic light system gives a snapshot of the current economy. In December the trend has been slightly weaker but remained stable with growth still predicted underpinned by a number of projects in the pipeline.
  • Whanganui’s economy:- positive house sales volumes are down but improvement in median price growth sales of new vehicles  appear to have peaked in November with some poor sales recorded in December 2016, building consents  have grown. Electronic Card sales were still buoyant but slightly down.
  • Tender Notifications and expressions interest – None this month

Happening in Whanganui…

  • UCOL, Whanganui and Partners and Chamber of Commerce Business Forum present – WorkWell and how it will benefit your workplace come find out and network  on Monday 20th February
    see more detail
  • The IRD will be presenting a number of seminars about Starting a business as well as GST workshops , if you know someone who is starting a business or you would like a refresher then this is well worth attending.
  • These seminars are free of charge you just need to book your place.
  • Local Business Smokefree 2017
    Council is currently reviewing its Smokefree policy and bylaw. Proposals to extend smokefree areas are to include outside all public accessible building entrances.  As a local business the Council would like to hear from you- whether you are supportive or not, Council needs to understand how smokefree spaces may affect your business.

    You can provide feedback by email OurDistrictYourSay@whanganui.govt.nz and/or direct your feedback to Smokefree Whanganui 2017.
    Please provide feedback by 28 February 2017.

  • If you are interested in more detail or would like a copy of this newsletter as a PDF file or any suggestions/additions please fill out our survey.

Please remember to join  us on our Whanganui and Partners Facebook page to keep up with what is happening on a regular basis we like to be liked as well!

Chris Heywood 


Source WDC
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New Zealand Economy

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Executive Summary

  • Recent domestic data and business surveys point to a continuation of solid economic and employment growth over the second half of 2016
  • Consumer price inflation is re-emerging for the first time in two years, although wage inflation remains subdued
  • Initial market optimism on US and global growth prospects under US President Donald Trump has faded as uncertainty has increased

Read the full report here….
source: Treasury

NZ House sales (Top)
House prices rise, sales volumes ease

  • Median house prices have risen and sales volumes have stayed flat or fallen across New Zealand in December 2016 when compared to December 2015, according to the latest figures released today by REINZ, source of the most recent, complete and accurate real estate data in New Zealand.
  • The national median sale price rose 11% year-on-year to $516,000, just $4,000 from its record high of $520,000 in November. On a seasonally adjusted basis the national median price firmed 11.8% year-on-year. Wellington led five of the 12 regions to record high median sale prices in December and almost all regions have hit new record median prices in the past three months. Outside Auckland, December saw a new record median price of $420,000.
  • The volume of sales for December 2016 was 6,533, a decline of 11% compared to December 2015. On a seasonally adjusted basis sales for December fell less than 1%, in line with expectations for this time of year.
  • In Auckland the median sale price rose 9.1% year-on-year to $840,000. Sales volumes across the region were 2% lower than November 2016 on a seasonally adjusted basis.

Read the Full report here…
source REINZ

NZ Retail Card Spend (Top)
All indicators for retail spending were up over the previous year except for fuel sales still reflecting the lower fuel prices. Appliances, apparel and department stores performed least impressively. Fuel prices appear to have stabilised which will help to contribute to some positive inflation.

Top Categories were takeaways, bars cafes and restaurants and accommodation which is a consistent with previous trends.

 

Source Marketview

NZ New Vehicle Sales (Top)
New Vehicle sales in New Zealand have continued to remain positive in spite of increases in new vehicle prices in December . In December 2015 a total of 7110 new cars were sold and in In December 2016 the figure was up to 8 069 an increase of 13.5%.

Source MIA


Local Economy

The year has ended with positive trends in all indicators monitored.

Whanganui and Region House sales (Top)

Sales volumes rose 10% compared to December 2015, with sales rising 27% in Manawatu Country, 19% in Feilding and Median Price Volume Sold 16% Palmerston North. Compared to November sales volumes fell 19%, with sales rising 3% in Feilding, but falling 7% in Levin and 18% in Wanganui. On a seasonally adjusted basis sales across the region fell 6%, indicating that the fall in sales was greater than normal.

The number of days to sell was steady at 26 days compared to November. The number of days to sell improved by three days compared to December 2015. Over the past 10 years the average number of days to sell during December for the region has been 42 days. The median price across the region rose $20,000 (+8%) compared to December 2015. Prices rose 21% in Manawatu
Country, 10% in Palmerston North and 6% in Levin. Compared to November the median price fell $9,000 (-3%), with prices rising 5% in Wanganui, 4% in Palmerston North, but falling across the rest of the region. On a seasonally adjusted basis the median price fell 3% compared to November.

Source MREINZ


Whanganui Card Spend(Top)
The top category this month was Appliances with Bars cafes and restaurants still showing continued growth.

Top 3 sectors were

  1. Hardware and Homeware
  2. Bars cafes and restaurants
  3. Takeaways

The bottom three sectors were

  1. Fuel (Lower pump prices- which in effect is a positive)
  2. Apparel (flat and affected by changed market dynamics)
  3. Other Retail
Card spend comparison by region monthly growth over previous year 

Source Market View
Card spend comparison by region month growth over previous year

Source Market View
Whanganui still ended the year with good year on year electronic card sales performance with the lower petrol price also affecting the final figure downward.


Whanganui New Vehicle Sales (Top)
In December 2016 new vehicle sales were down on the previous year with 35 vehicles sold as opposed to 81 sold in the previous year pushing the moving average growth down once again to 5.5% the overall trend is still in positive territory. The trend over the longer term still remains positive in spite of the erratic nature of sales in this sector. December was a bad month for new car sales in Whanganui but growth is still up on 12 months ago.

 

Source MIA

Building Consents – Whanganui (Top)

In December 2016 there were 43 Building Consent applications. Based on a 12 month moving average we have seen an improvement in number of consents passed with the value of consents in the region of $ 5million per month on average.



Source Whanganui District Council

News



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Topic: WorkWell and how it will benefit your workplace
Speakers: Jamie Procter & Sarah Hawken
Date: Monday 20 February 2017
Time: 12—1pm Light finger food lunch, Guest presentation, 2 minute speed promos for personal/business or event, 1-1:30pm Networking
Venue: Ground floor Library Lounge , UCOL Campus, 16 Rutland Street, Wanganui

If you would like to step up for your 2minutes of self/business/event promotion please email with your name and organisation with RSVP by Friday 17th February to Bronwyn Paul, b.paul@ucol.ac.nz

WorkWell:
Sarah Hawken, Health Promotion Manager for the Public Health Centre and Jamie Procter, Coordinator for Healthy Families Whanganui, Rangitikei, Ruapehu, will present an overview of current workplace wellbeing initiatives that can be directed by businesses themselves or through utilising wellness planning frameworks, such as WorkWell.
Sarah and Jamie will discuss some wellbeing areas that local businesses are planning and creating action around, while also providing useful links for small businesses to assist with healthy changes within their organisation.

Organisational: Ensuring your workplace policies, procedures, formal and informal rules, all support and encourage staff wellbeing
Environmental: Addressing factors in the physical work environment that could either hinder or facilitate staff wellbeing
Individual: Providing opportunities that support and encourage staff to increase their knowledge, behaviours and beliefs or attitudes around wellbeing

RSVP by Friday 17th February to Bronwyn Paul, b.paul@ucol.ac.nz

We hope to see you there so you can start your 2017 with a WorkWell focus!
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Introduction to Business Seminars
GST Workshops
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The IRD will be presenting a number of seminars about Starting a business as well as GST workshops , if you know somone who is starting a business or you would like a refresher then this is well worth attending.
These seminars are free of charge you just need to book your place.

Introduction to business seminars

  • Working smarter with the IRD online services
  • business structures
  • income tax
  • expenses you can claim
  • good bookkeeping tips
  • GST and more
When:
  • Tuesday 21 February 2017 9.30am to 11.30am
  • Tuesday 16 May 9.30am to 11.30am

GST Workshops

  • what is GST
  • GST registration
  • record keeping – cash book
  • basic adjustments
  • GST Filing
  • IRD online service
  • using IRD’s interactive Tool for business
When:
  • Tuesday 21 March 2017 9.30am to 12.30pm
  • Tuesday 20 June 9.30am to 12.30pm
Where all workshops and seminars are held at :
Community Legal Advice Whanganui, 76 Guyton Street, Whanganui
CLAW Whanganui
76 Guyton Street
Whanganui

Booking is essential as there are limited spaces.

email: advisory.palmerstonnorth@ird.govt.nz
ph 0800 377 774
For further information visit their web site www.ird.govt.nz