Stop sidelining manufacturing
ANALYSIS: Take note of flashing red warning signs and recognise it as essential to New Zealand’s economic survival.
The $194m sector contraction in June quarter is not a stumble, it is a flashing red light warning.
Manufacturing has slipped under the radar in New Zealand for too long, but the recent GDP numbers show what happens when it is treated as an afterthought. Statistics New Zealand reported a 0.9% economic contraction in the June quarter. The steepest drop came not from agriculture or construction,
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