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Text Source: Otago Outlook March 2006 from the Dunedin City Council website.

The Otago Region is slowly becomingless dependent on the primary sector,as the business services, construction and tourism sectors provide increasing levels of employment and GDP growth. Population growth has driven employment growth in the service industries and looks set to continue as new residents flock to popular lifestyle areas such as Queenstown - Lakes and Central Otago, and also to suburban fringes. However, the primary sector and the downstream manufacturing businesses it supports continue to be of vital importance to the Otago Region. Lifting not only output, but quality of output, and weathering the difficulties created by the strength of the New Zealand dollar, will be the key to the creation of long-term and sustainable economic growth. The bright spots for the Otago economy over the 2006 calendar year are likely to include:

  • The level of building activity will remain at high levels as nonresidential
    consents are actioned throughout the region.
  • The agricultural sector will grow after being hampered by the strength of the New Zealand dollar in recent years.
  • Service industries will grow as population growth and the ongoing strength of the housing market stimulate demand.

Click here, to read the entire Otago Outlook Report for March 2006. PDF Document Size: 534Kb

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