Labour’s so called ‘Manufacturing Policy’ once again reheats the same old tired economic policies that would take New Zealand back to the dark days of high inflation, sluggish growth and low-job prospects, Economic Development Minister Steven Joyce says.
“Labour is stubbornly determined to continue to manufacture a crisis in manufacturing when one simply doesn’t exist,” Mr Joyce says.
“As the latest BNZ-Business New Zealand Performance on Manufacturing Index shows, manufacturing has been expanding for the last 19 consecutive months and 14,300 more jobs were added in the last year. Manufacturing activity is at the highest level since 2006.
“The only manufacturing the Labour Party is doing is trying to sell its re-tread policies as being something new. Their policies would hurt manufacturers and the New Zealand economy.