Small business activity improved in March

Wed, 05 May 2021

Jobs and sales in New Zealand's small businesses rose in March, and the businesses were getting their invoices paid 4.3 days earlier than in February last year before the covid-19 pandemic hit the country.Figures provided by small business software provider Xero showed revenue in March was up 14.3% on March last year, the last week of which was hit by the national lockdown to stop the spread of covid-19.Xero said the annualized two-year growth rate was 5.8%, giving a more accurate indication of the strength of current sales.Jobs grew by 3.7...

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