A new Government-commissioned survey has found that the overwhelming majority of Australians are tired of taxpayers supporting the manufacturing industry
Livewire
A new Government-commissioned survey has found that the overwhelming majority of Australians are tired of taxpayers supporting the manufacturing industry. Two-thirds also believed that the industry is in terminal decline, with only 37% of respondents believing Australia can compete globally. However, the survey, which polled 1,503 Australians and hosted 10 focus groups, also found that 90% of Australians also felt the manufacturing sector was important, especially in providing jobs, with the majority of respondents overstating the manufacturing sector's contribution to the national economy by as much as three to four times. The survey does pose the question of whether Australian manufacturing, in its current form, is in terminal decline. (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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No areas of expertise