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

 


Manufacturing exports fall further in real world

29 January 2013
Manufacturing exports fall further in real world


Manufactured exports continue to fall under the National Government providing further evidence of a growing crisis in manufacturing, the Green Party said today.

New Statistics New Zealand Overseas Merchandise Trade figures for December 2012 show annual manufacturing exports values down 5.2 percent over the year, and down 9.7 percent since National took office.

“Manufactured exports have fallen 9.7% since National took office providing further evidence of a growing crisis in manufacturing,” said Green Party Co-leader Dr Russel Norman.

“Steven Joyce denies there’s a problem but the evidence shows our manufacturing sector is in real trouble.

“On Planet Joyce, there’s no crisis in manufacturing, despite the on-going decline in manufactured exports and the loss of 40,000 jobs in the sector since 2008.

“The National Government has failed to put our economy onto a more sustainable, jobs rich path.

“This fragile economic recovery looks disturbingly similar to previous economic recoveries, which are focused on unsustainable growth in house prices and consumer spending – not the critical rebalancing promised by Bill English.

“As National Bank Chief Economist Cameron Bagrie has said, increased activity in the housing sector is ‘not the stuff of a durable, long-term, sustainable upswing’.”
Treasury is forecasting the current account balance – the measure of our outgoings and incomings with the rest of the world – to deteriorate further over the next three years to $15.1 billion or 6.2 percent of GDP by 2016.

“Our widening current account deficit is the single most obvious measure of an economy that’s living beyond its means,” Dr Norman said

“High value-added manufactured exports and import substitution are a key part of economic rebalancing and drive the creation of well-paid jobs throughout our economy.

“Manufacturing can thrive again in a smart green economy, but it’s going to need a Government that recognises the challenges manufacturers’ face – namely the high and highly volatile New Zealand dollar – and deliver policy that will help them,” Dr Norman said.

“Telling manufacturers to simply smarten up is unhelpful, at best.”

Link to Statistics New Zealand Overseas Merchandise Trade figures:
http://www.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/OverseasMerchandiseTrade_HOTPDec12.aspx

Finance Minister Bill English on the importance of an export-led recovery:
Questions for Oral Answer, 24 August 2010
Peseta Sam Lotu-Iiga: What are the benefits to the economy of an export-led recovery?
Hon BILL ENGLISH: It is vital that we rebalance our economy towards growth from the export sector. Too much of our growth over the last 4 or 5 years has come from people borrowing too much, speculating in the housing market, and that being reinforced by a splurge in Government spending. As a lot of Kiwis have found out, that is not a recipe for sustainable jobs, so an export-led recovery is required to rebalance the economy.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Anzac Issue Out Now: Werewolf 47

Alison McCulloch: Lest We Remember

Local iwi have plans to spruce up the Te Ranga site as part of the 150th commemorations this year of key battles in the “New Zealand Wars”, but not a lot of money to do it with.

Information gathered from numerous government agencies shows that while more than $25 million is being spent on monuments and commemorations relating to foreign wars, primarily World War I and its centenary, only around $250,000 has been set aside for those fought on our own soil. More>>

Anne Russell: Anzac Day - Identity Politics, With Guns

Even cursory research into media reports from the past forty years reveals a cultural shift in the commemoration of Anzac Day. Among other things, turnout at Dawn services has increased significantly in recent decades.

Contemporary numbers are estimated at 3,000-4,000 in Wellington, and 10,000-15,000 in Auckland. Newspaper reports from the 1970s and 80s estimated Wellington turnouts at 300-800, and Auckland at anywhere from 600 to 4,000. More>>

 
 

Parliament Today:

Spookwatch: New Inspector-General Of Intelligence And Security Appointed

Prime Minister John Key hasannounced the appointment of Cheryl Gwyn as Inspector-General of Intelligence and Security. The appointment was made by the Administrator of the Government on behalf of the Governor General and is for a term of three years. More>>

Crowdsourcing: Green Party Launches Internet Rights And Freedoms Bill

The Green Party has today launched the Internet Rights and Freedoms Bill, New Zealand’s first ever Bill crowdsourced by a political party. More>>

ALSO:

Gordon Campbell: On The Shane Jones Departure

Shane Jones has left Parliament in the manner to which we have become accustomed, with self interest coming in first and second, and with the interests of the Labour Party (under whose banner he served) way, way back down the track. More>>

COMMENT:

Multimedia: PM Post-Cabinet Press Conference - April 22 2014

The Prime Minister met with reporters to discuss: • The recent improvement in the economy with a growing job market • Income and wealth inequality • Easter trading laws • The New Zealander killed in a drone strike in Yemen... More>>

ALSO:

Easter Trading: Workers 'Can Kiss Goodbye To Easter Sunday Off'

The Government’s decision to “reprioritise” scarce labour inspector resources by abandoning the enforcement of Easter Sunday Shop Trading laws means workers can kiss goodbye to a guaranteed day off, says Labour’s Associate Labour Issues spokesperson Darien Fenton. More>>

ALSO:

ACT Don't Go For Maximum Penalty: Three Strikes For Burglary, Three Years Jail

Three strikes for burglary was introduced to England and Wales in 1999. As in New Zealand, burglary was out of control and given a low priority by the police and the courts. A Labour government passed a three strikes law whereby a third conviction for burglaries earned a mandatory three years in prison... More>>

ALSO:

Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home. More>>

ALSO:

Elections: New Electorate Boundaries Finalised

New boundaries for the country’s 64 General and seven Māori electorates have been finalised – with an additional electorate created in Auckland. More>>

ALSO:

Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>

ALSO:

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news