Victoria’s manufacturing industry is doing well despite the demises of the car industry with new figures showing the state government’s $120 million investment in manufacturing has created more than 5,000 jobs and is driving $1.4 billion in private investment from manufacturers.
This news has come out at the same time as reports that the Australian Industry Group’s Manufacturing Index has recorded 19 months of consecutive growth in the sector– the longest run since 2001.
Victorian manufacturing contributes $27.7 billion to the Victorian economy and is home to over 13,000 businesses employing more than 286,000 people. The State exported $18.16 billion of manufactured goods in 2016-17.
But, what about NSW?