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

Thu, 30 Jul 2020

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...

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