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

 


Further slide in export results


Further slide in export results

The latest provisional export figures for October show a continuing decline whatever way you look at them, says National’s Trade spokesperson, Lockwood Smith.

“Exports for October were down 8.7 per cent on the previous year, they were down 8.5 per cent for the October quarter, and down 4.4 per cent for the year ending October.

“This is only the second time in the last 11 years we have seen a decline in the value of our exports year on year. What makes it more damaging for the Government is that in its first two years, exports grew by 20.7 per cent and 17.5 per cent respectively.

“That tremendous export growth from record commodity prices and a collapsed New Zealand dollar gave Labour a huge economic boost. But its collapse from two years of 20 per cent growth to a 4 per cent reduction will impact on the economy sooner or later.

“Prospects for exports don’t look great with the exchange rate having climbed 12.4 per cent (TWI) in the last 12 months. What’s more, some commodity prices continue to slide with bull beef now down almost 30 per cent on a year ago. Dairy products, such as skim milk powder, also remain 20 to 30 per cent below what they were a year ago.

“If it wasn’t for the massive levels of immigration boosting growth this year, the Government’s unwise economic moves would be hurting more. But while immigration does drive the economy the trade deficit will worsen.

“The result for October at 27.6 per cent is the highest for an October month in the last 13 years”, says Dr Smith.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news