Understanding our economy
The COVID-19 pandemic presents an unprecedented challenge to both the New Zealand and global economies. This page provides regularly updated insights and information on the effects on the Kāpiti district.
On Tuesday April 7 at 1.30pm Brad Olsen, Senior Economist at Infometrics presented a webinar focused on the economic effects of COVID-19 for the Kāpiti District. Topics covered were:
- Global overview
- NZ situation
- Local Dynamics
Brad is responsible for interacting with clients and providing key regional economic insights. Brad often writes industry- and region-specific economic analysis articles, focusing on current and emerging trends as well as key topics of interest to clients.
A regular in the media, Brad is often found discussing current events and how these could affect the economy. He also has a hand in guiding and leading economic consulting projects, particularly in the areas of regional economic impact assessments and policy costings.
Latest Kāpiti Economic Insights
Updated for the week ending 10 May 2020, the latest spend figures show a market upward trend in spending with the value of spend only down by a quarter on the same week last year. Alcohol sales continue to outperform other categories with sales in this area up 21.9% on the same time last year.
*Data source - Marketview
Change in weekly value of spending
Updated for the week ending 10 May 2020, the latest figures show the trend of weekly spending value for Kāpiti continuing to rise after the initial low of lock-down.
Spending change by category
Updated for the week ending 10 May 2020, the latest figures show the change in spending within specific categories. Food & liquor are well up on the same week last year and it is pleasing to see hospitality beginning to bounce back.