Liquidations rise 38% led by hospitality and transport sectors

Liquidations rise 38% led by hospitality and transport sectors
Hospitality business liquidations are up 49%. (Image: Alex Burton)
Gregor Thompson
Company liquidations are up across every sector and have risen nearly twice as fast in the South Island, according to the latest data from credit specialists Centrix.A monthly credit indicator report from Centrix, released on Tuesday, stated that liquidations in the country rose 38% in the year to the end of January.On an annual basis, no region or sector Centrix measures experienced a reduction.Managing director Keith McLaughlin said the economic climate remains challenging for many households and businesses nationwide.Liquidations are tr...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025