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

 

PARLIAMENT TODAY:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Gordon Campbell: On The Children’s Commission Report On CYF

Accusing the overworked and underfunded staff at Child, Youth and Family of a “dump and run culture of neglect” is the kind of luxury that a Children’s Commissioner can afford to indulge in from his own comfy perch in the bureaucracy. More>>

ALSO:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news