Remember the manufacturing crisis that the Labour party and assorted other opposition parties promulgated?
You know that the sector that was in total decay and was going to fail dooming us to a life of low wage servitude and indentured labour?
Manufacturers are flat out and are crying out for more workers, with a survey showing employment activity at record levels.
The latest BNZ- Business NZ Performance of Manufacturing Index showed the sector was expanding at its fastest pace this year in October.
The seasonally adjusted PMI for October was 59.3, up 0.8 on September. An index above 50 indicates the sector is growing and below 50 it is shrinking.
The PMI employment index hit 57.5 points in October, the highest level on record since the survey began in 2002.
BNZ senior economist Doug Steel said the labour market was getting stronger with annual employment growth of 3.2 per cent and the unemployment rate falling in the year to September.
“Today’s PMI results suggest more improvement is likely in the final quarter of 2014.” ¬† Read more »