What Manufacturing Crisis?

Labour and the Green Taliban continue to talk about the manufacturing crisis…except there isn’t one:

New Zealand manufacturing volumes continued to grow in the final three months of 2012, and a rundown in stocks outside food and beverage bodes well for the sector this year as construction gets underway in Canterbury and Auckland.

Total manufacturing sales volumes rose a seasonally adjusted 1.5 per cent in the three months ended Dec. 31, slowing from a 2.5 per cent gain in the September quarter, according to Statistics New Zealand. The value of manufacturing sales was flat at a seasonally adjusted $22.85 billion. Volumes were up 5.7 per cent from the same period a year earlier, while values were down 0.7 per cent on an annual basis. 

Metal product manufacturing sales volumes rose 5.4 per cent, and values climbed 6.6 per cent to $2.31 billion, leading gains in the quarter. Petroleum and coal product manufacturing sales volumes gained 6.4 per cent and values were up by the same amount to $1.92 billion.

Meat and dairy manufacturing, which accounts for 30 per cent of the sector, showed a 1.1 per cent fall in volumes and a 4.4 per cent decline in sales to $6.86 billion.

Next time they bang on about a “manufacturing crisis” tell them to shut up and go away.


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

38%