Regional Economic Update May 2025

MANAWATŪ REGIONAL ECONOMIC UPDATE 

We continue our series of Regional Economic Updates and invite you to join us for another in-depth discussion and Q&A as we delve into the region's economic trends, challenges and opportunities with a special focus on manufacturing, productivity and business growth.

Brought to you in partnership with the Central Economic Development Agency (CEDA), the Palmerston North City (PNCC) and Manawatū District Council, (MDC), this event will provide fresh insights into the opportunities and challenges facing the Manawatū economy in 2025. 

Facilitated by MC Felicia Mackenzie-Aull from CEDA, the evening will kick off with an economic overview from Stacey Andrews, City Economist at Palmerston North City Council, followed by a thought-provoking panel featuring: 

• Trudi Duncan, Managing Director, Gyroplastics 

• Steve Papworth, Design Engineering Manager and Business Development Manager Global Sales, Noske Rail 

• Simon Barnett, Managing Director, OBO 

• Stacey Andrews, City Economist, Palmerston North City Council 

RSVP Essential Drinks and Nibbles Provided kindly sponsored by CR Law

Seats are limited

The Manawatū region closed 2024 with promising signs of recovery, buoyed by strong export returns in dairy, beef and horticulture, alongside a rebound in tourism and improved consumer spending. Encouragingly, New Zealand’s manufacturing sector returned to growth in early 2025 for the first time in nearly two years, creating fresh momentum for business confidence and innovation. 

Yet, despite these gains, global uncertainty continues to pose risks. Geopolitical tensions, policy changes in the U.S., and volatile global markets could impact trade and inflation – especially in key export sectors like red meat and dairy. 

On the upside, expected cuts to the Official Cash Rate (OCR) and new trade agreements with partners across Asia and the Middle East may help offset these pressures, paving the way for business investment, productivity improvements, and long-term resilience. 

Join us as we explore how these trends are shaping the outlook for Manawatū businesses – and what it means for our region’s key industries and growth opportunities.