Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

1999 A Good Year For Manufacturing

“The WestpacTrust Quarterly Analysis of Manufacturing shows that overall 1999 was a good year for New Zealand manufacturers with strong productivity growth leading to increased profits” said David Moloney, President of the New Zealand Manufacturers Federation.

“After what was by anyone’s standards a difficult year in 1998, the sector has turned in productivity growth for the 1999 of 6.8% (compared to only 0.6% the previous year). Profit levels were the highest ever recorded in the ten years since the data has been collected. At the same time real wages increased by 1.1% in the year to December, despite a fall in the hours worked.

“Sales growth was commodity based. The highest growth of 15% for the year was experienced in forest based commodities, with resource based commodities up 8.9%. By comparison non-commodity manufacturing was up only 2.1% for the December year.

“The main concern is that real investment has continued to decline, but the feeling is that this decline has bottomed out. The WestpacTrust Business Opinion survey for the March Quarter is due out in the next week or so and it will be interesting to see whether investment has turned the corner.

“Expectations are that filled jobs, hours worked and wages paid will continue to rise over 2000, with the likelihood of significant wages pressure developing over the course of the year as skilled labour becomes increasingly scarce.

“It is clear that those seeking employment or better paying jobs should look to improve their skills levels. The key to employment and wage growth is an education system that is responsive to the needs of industry.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Decision Day: Peters Chooses Labour

Winston Peters says he will form a Government in coalition with Labour and the Greens giving confidence and supply.

Peters said he had been offered the position of Deputy Prime Minister and a number of other ministerial posts would go to his colleagues

He said economic and monetary policy changes were needed to face a coming economic downturn.>>>More

Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election