According to the latest press release by the Victorian state government Victoria’s manufacturing industry has continued to grow positively.
The Australian Industry Group’s Performance of Manufacturing Index, released which was released last week, showed that Victoria’s manufacturing industry has grown for a 16th consecutive month.
Minister for Industry and Employment Ben Carroll said, “Our manufacturing industry continues to go from strength-to-strength – creating jobs and boosting our economy.”
The growth in manufacturing is underpinned by the Labor Government’s $120 million in manufacturing support, who mentioned in the press release, has created 6,000 jobs and is driving more than $1.6 billion in private investment.
This unprecedent growth is despite the closure of automotive manufacturing, and the continued neglect of Victorian manufacturing by the Turnbull Liberal Government.
The Victorian Budget 2018/19 includes $172 million to make 30 priority TAFE courses free, with courses focusing on the skills our state needs to build the major road and rail projects, new schools and hospitals Victorians need.
Victorian manufacturing contributes $27.7 billion to the Victorian economy and is home to over 13,000 businesses employing more than 286,000 people. Victoria exported $18.16 billion of manufactured goods in 2016-17.