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

 


More bad news: Dead cat bounce for manufacturing


More bad news: Dead cat bounce for manufacturing

After declining for three months manufacturing has just eked into positive territory, signaling a dead cat bounce, says Labour’s Economic Development spokesperson David Cunliffe.

“The figures just get worse for the Government. Their deficit is blowing out, their job creation target is way behind, job ads are down and unemployment is the highest in 13 years.

“Now manufacturing is suffering from a dead-cat bounce after declining for three straight months and has been in negative territory for almost half of the year.

“The worst news is that employment in the industry has dropped for five straight months. There’s no surprise unemployment is the highest since Jenny Shipley.

“The Government is out of ideas and can barely muster the enthusiasm to respond coherently. Bill English refuses to acknowledge bad numbers and says anecdotally the economy is fine. The finance minister cannot even agree with his own Treasury officials whether the current account matters.

“We need answers not anecdotes. John Key has admitted he admires the reporting of Fox News. That’s because Fox and this Government live in an anecdotal alternate reality.

“In the real universes in the last four years 40,000 manufacturing jobs have been lost. But the Government refuses to act. It is content to sit on the side-lines and watch as New Zealand’s manufacturing base slowly crumbles.

“The crisis in manufacturing is all too real and no amount of spin can change that.

“The Government m
ust join the cross-party inquiry into manufacturing and look for solutions.”
ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Flyover Over: NZTA Not Appealing Flyover Decision

The NZ Transport Agency has decided not to appeal the High Court’s Basin Bridge decision, and says the High Court’s findings provide valuable clarity to help guide the development of future infrastructure projects throughout the country. More>>

ALSO:

Developing Crown Land: Government, Auckland Iwi Reach Agreement

The government has reached agreement with Ngati Whatua and other Auckland iwi over developing 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. More>>

ALSO:

Gordon Campbell: On Maurice Williamson

Maurice Williamson seems to have been granted an annual licence to embarrass the National Party, and its that time of year again. Also as per usual, Williamson’s recent exercise in sexism and homophobia has passed by with barely a murmur from his leader. More>>

ALSO:

Green Climate Plan: Shaw Launches 40% Emission Cut Target

Green Party co-leader James Shaw has announced an emissions target initiative for 40% reduction by 2030. He said agriculture has to long been used as a reason for inaction, a roadblock to action... He proposed a tax of 8 cents per kilo of milk. More>>

ALSO:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news