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


Manufacturing statistics very disappointing

Warren Kyd

MP for Hunua

Opposition Manufacturing & Small Business Spokesperson

13 September 2000

Manufacturing statistics very disappointing

New Zealand's manufacturing sector is finding the going tough, Opposition Manufacturing and Small Business Spokesperson Warren Kyd said today

"Since the election and the implementation of controversial ACC and Employment legislation, manufacturers have made a conscious decision not to invest in themselves.

"Rising interest rates and tumbling business confidence have driven capital expenditure down a staggering 21.5% from the June 1999 quarter. We're just not seeing extra investment in plant and machinery."

Mr Kyd was commenting on Statistics New Zealand's Economic Survey for the June 2000 quarter released today, which showed the smallest increase in manufacturing sales since December 1998.

"It's disappointing that the increase has been driven by rising prices, particularly within the petro-chemical industries, rather then production increases. What's more, when the inflationary effects are removed, the volume of sales actually fell by 0.6%.

"Today's survey also shows that with the falling New Zealand dollar, manufacturers' margins are being squeezed. While manufacturing output prices have risen 1.4% in the last quarter, input prices have risen more sharply, increasing by 1.7%."

Mr Kyd said consumers would be the ones who feel it in the hip pocket, when manufacturers and retailers are forced to increase prices to regain their margins.

"Alarmingly, the total value of goods in stock is at the highest level since December 1990. This puts pressure on the production process as manufacturers will be questioning how much they need to produce over the coming months."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


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 | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


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>>


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>>


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>>


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>>


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>>


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>>


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>>




Featured InfoPages

Opening the Election