Source: Business Canterbury
GDP decreases 1.0 percent in the September 2024 quarter ? Stats NZ media and information release: Gross domestic product: September 2024 quarter
The update to the June 2024 quarter growth rate reflects the incorporation of annual data, a process completed by Stats NZ each October. In this instance, while the June quarter growth rate has been revised downward, the overall level of economic activity has been revised upward over a longer period.
“The structure of the New Zealand economy can change quickly, which is why we update with new data each year,” macroeconomic growth spokesperson Jason Attewell said.
“The data incorporated this year shows stronger growth over the last year, followed by two significant falls in the latest quarters.
“We balance the use of timely data for quarterly GDP estimates with more detailed information to annually update the relevant importance of industries. This approach is in line with international best practice.”
Weather News – A soggy start to the festive season – MetService
Source: MetService
Covering period of Thursday 19 – Monday 23 December – The countdown to Christmas Day is well and truly on, however, with MetService forecasting a wet start to the Christmas break the festive spirit may be dampened a little over the next four days.
A Heavy Rain Watch for northern Hawke’s Bay and Tairawhiti/Gisborne that was first issued on Monday continues late into Thursday as a risk of downpours and thunderstorms extends into the evening.
Friday, the last working day of the year for many, brings a shift in the weather. Cold southeasterly winds and wet conditions set in over the eastern South Island as the low pressure sinks southwards. The dry and sunnier spell of weather in the western and northern parts of the country comes to an end with the arrival of a broad band of rain and northerly winds from the Tasman Sea.
MetService Meteorologist Clare O’Connor adds more detail, “Where the northwesterly and southeasterly winds meet over the North Island is an area to approach with caution tomorrow, as the converging air enhances the risk of downpours of rain – and possibly even thunderstorms in these areas.
Anyone waiting for a window of ideal travelling weather will be waiting until at least Monday, as the wet weather continues into the weekend for almost the entire country.
“While there will be drier spots through the weekend, rain or showers are expected right across the country at various points of the weekend – make sure you are ready for all conditions, even if you are staying home,” O’Connor says.
The best weather in the lead up to Christmas Day looks to be the two days preceding the holiday, with sunny blue skies and dry days set for most on Monday and Tuesday.
Fire Safety – Give the gift of fire safety this Christmas
Source: Fire and Emergency New Zealand
Appointments – New Council members appointed to Business Central and the Wellington Chamber of Commerce
Source: Business Central
UNICEF: Treaty Principles Bill a threat to the rights of children in Aotearoa
Source: UNICEF Aotearoa NZ
Economy – Winding back the clock. The Kiwi economy recorded the weakest 6month period since 1991 (excluding covid) – Kiwibank
Now that’s not to say that the economy is in a better place. Excluding covid periods, the past 6 months have been the weakest 6month period since June 1991. And 11 of the 16 industries reported declines over the September 2024 quarter.
The light at the end of the tunnel is upon us. The September quarter should mark the final quarter of the economy in decline for this cycle.
More construction lives will be saved by Govt mental health funding boost
Source: MATES in Construction
Local News – Final Porirua Writers’ Walk sculpture unveiled
Source: Porirua City Council
Disaster Assistance – RNZAF continues more flights to support Vanuatu response
Source: New Zealand Defence Force
A Royal New Zealand Air Force (RNZAF) C-130J-30 Hercules left at first light today and has arrived in Port Vila, with search and rescue equipment and humanitarian assistance and disaster relief supplies following this week’s earthquake.
Also on board were Ministry of Foreign Affairs and Trade consular staff and six New Zealand Defence Force personnel, including medics and staff, who will assist with planning the emergency response and evacuation of New Zealanders.
Meanwhile, a second RNZAF C-130H Hercules has landed in Noumea to recover urban search and rescue members and equipment and take them to Vanuatu, after the earlier C-130H aircraft they were on last night diverted to New Caledonia following an engine fire warning indication.
The C-130H in Noumea will be repaired today with parts taken up on the recovery aircraft.
An RNZAF P-8A Poseidon is also airborne today, conducting another surveillance flight over Vanuatu including outlying areas to provide imagery for damage assessments.
This afternoon, an RNZAF Boeing 757 will depart RNZAF Base Auckland to transport more humanitarian assistance and disaster relief stores to Vanuatu and enable evacuations.