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

 


Manufactured Exports Plunge, Jobs Go As Nats Fail To Act

27 February 2013

Manufactured Exports Plunge, Jobs Go As Nats Fail To Act

New data shows that the value of manufactured exports fell by nearly 7 percent last year as the high dollar hurt Kiwi businesses and contributed to 17,000 job losses in the manufacturing sector, Green Party Co-Leader Dr Russel Norman said today.

“National’s failure to act on the dollar is killing our manufacturing sector,” said Dr Norman.

“These numbers show that manufacturers are being squeezed out of export markets by our over-valued currency.

“That means reduced export revenues for New Zealand to pay its way in the world, and thousands fewer jobs for Kiwis to support their families,” said Dr Norman.

The latest Overseas Merchandise Trade figures, released by Statistics New Zealand today, show that manufactured exports for the year to January 2013 were worth $11.3 billion, a 7 percent fall from the $12.1 billion a year before. Adjusted for inflation, manufactured exports are at the lowest level since the series began in 2002.

There are 17,000 fewer people working in manufacturing than a year ago, according to Statistics New Zealand’s Household Labourforce Survey.

The value of primary exports was also hit by the exchange rate, falling 5 percent over the year. Falling primary and manufactured exports are the principal reason why the trade deficit blew out to $1.2 billion in the last year.

“We cannot go on like this, sacrificing businesses and jobs on the altar of a failed ideology that says governments mustn’t intervene in the currency markets,” said Dr Norman.

“The fact is, most of our major trading partners are intervening in the currency markets to benefit their own economies and it’s New Zealand that is paying the price through an over-inflated dollar.

“It simply defies belief that John Key is arguing the high dollar is a good thing because it makes flat-screen TVs and overseas holidays cheaper. What good are cheaper luxuries if you’ve lost your job and are struggling to buy the groceries?

“National has led us to a situation where we are more indebted; where the high-wage, high-skill manufacturing jobs are disappearing fast; where Kiwis are fleeing across the Tasman at a rate of 1,000 a week; and where we are dependent on exports of volatile, extractive commodities like coal, rather than smart, green manufacturing companies.

“That’s not a brighter future for New Zealand; Kiwis deserve better,” said Dr Norman.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Anzac Issue Out Now: Werewolf 47

Hi and welcome to the 47th edition of Werewolf, published on the eve of Anzac Day. Its become a cliché to describe Gallipolli as the crucible of this country’s identity, yet hold on... Isn’t our national identity supposed to be bi-cultural... and wouldn’t that suggest that the New Zealand Wars of the 19th century is a more important crucible of national identity than those fought on foreign soil?

Yet as Alison McCulloch eloquently reveals in this month’s cover story, New Zealand devotes a mere fraction of its attention span and funding resources to commemorating the New Zealand Wars compared to what it devotes to the two world wars, Vietnam and Afghanistan... More>>

 

Parliament Today:

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>>

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:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news