Small business revenue back to pre-covid levels in June: Xero

Small business revenue back to pre-covid levels in June: Xero
Jenny Ruth
Revenue through New Zealand's small businesses in June was back to year-earlier levels although the number of people they employed fell a little from May. Data from small business accounting software provider Xero showed the rebound in revenue in June jumped from May, when revenue was down 17 percent on May 2019, and April, when revenue was down 39 percent year-on-year - adjusted from the previously published figures of 22 percent for May and 41 percent for April. "This revenue recovery shows what's possible when New Zealanders spend loca...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024