Productivity moves – in the wrong direction
One thing that you will not see in your glossy ‘Our Auckland’ magazine that graces your letter box once a month is the productivity figures for Auckland.
The Auckland Plan target for productivity is that productivity itself increases at a rate of 2% a year by 2042, the end of the Auckland Plan. One small problem for the 13/14 year. We went backwards from 0.25% growth to 0% growth. To make matters even worse is that we missed three other key indicators as well in the economics department as seen below.
Council can say what it likes about any other target that was tracking green. But if the main economic targets tracking in red are being missed then we are simply not pulling our weight.
You can read the full update below:
And yes I saw the mentions on the Innovation Precinct in Wynyard Quarter that is “led” by Auckland Council (so ratepayers money spent) missing the mark quite widely. Suppose that will be a given when there is no actual robust Key Performance Indicators in place to track what that Precinct is achieving. This compared to a natural evolved innovation precinct in Parnell bubbling along nicely with no public authority help or intervention (hint there).
So the question begins to ask what can we do to get productivity back towards the 2% target stated in the Auckland Plan. The Auckland Plan goes for a three yearly update in the second half of this year.
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