Timaru's economy accelerating due to several factorsJOHN BISSET/STUFF Timaru's economy is accelerating, new figures suggest. Timaru's economy is accelerating, buoyed by a predicted $328 million dairy payout, the $30m development of a new bulk fuel terminal at the port and more consumer and tourism spending, new figures suggest. The total dairy payout for the country is expected to be $518m higher in the 2017-18 season. The report also highlighted the district's reliance on tourism, with consumer spending and tourism boosting Timaru's economy. The port is a major strength for the district's economy and fishing activities will continue to support growth, the report says.

Source: Stuff March 11, 2018 01:14 UTC