In 2002 there were 255 business locations (geographic units) in the Panmure area as defined by Statistics New Zealand.

Panmure's economy is a microcosm of Auckland City.
It tends to be slightly more conservative than the regional average but has enjoyed economic growth as part of the greater Auckland region. Panmure's economic growth is estimated to be just below that of the regional average (at around 3.75%) but above the national average.

Since March 2002, Auckland city's rate of economic growth has continued at a healthy pace growing at around 5 per cent in the year to December 2002. Net migration gains have further stimulated population growth in the city. Strengthening job numbers in the construction, tourist-related and business and property services industries, have been countered to some extent by sluggish manufacturing and wholesaling employment.

Auckland city's economy expanded 4.6 per cent over the year ended March 2002. This was well ahead of the national growth rate (3.3 per cent) and compares to a regional growth rate of 4.0 per cent.

Real economic growth

Percentage change for year ended March

The city's real estate and residential construction industries have grown swiftly over the last two years. Over the 2002 calendar year, house prices rose 20 per cent, house sales were up 40 per cent and new dwelling consents issued grew by almost 100 per cent compared to 2001. Apartments have contributed significantly to the growth in building activity.

About Panmure | Statistical data