Small business revenue fell in January, first fall since May

Staff reporters
Thu, 25 Feb 2021

Revenue through small businesses in January fell for the first time since May, down 6% from January 2020, but job numbers were up 1.9% on January 2020.Figures provided by software provider Xero showed revenue fell in all regions with Queenstown the hardest hit, down 23.2%, followed by Otago, down 14.7%, and Waikato, down 7.8%. Auckland was down 4%.It's the worst month since last May when sales were down 15% on a year earlier — the worst month last year was April when sales were down 37.4% with the country in lockdown.Xero's managi...

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