Aoraki Development chief executive Nigel Davenport says Timaru District is ahead of the national economy. (File photo)Despite falling numbers in several sectors, the Timaru District has shown resilience in growing itsgross domestic product (GDP) to June 2020, the head of the district’s economic agency says. “Many of the businesses in these sectors kept on working during lockdown as essential services and that’s clearly reflected in the impact on our district’s economic performance,’’ he said. Venture Timaru subscribes to the Infometrics data and uses the information from it, and reports from New Zealand economic research company BERL, to source a variety of statistics for economic development in the Timaru District. Average house values in Timaru have also continued to grow steadily, up 5.5 per cent to reach $373,082 in the year to December.

Source: Stuff August 27, 2020 04:18 UTC