Small business sales growth slows as owners brace for omicron

Xero's NZ head, Craig Hudson, said local firms can learn from the international data. (Image: supplied)

Thu, 24 Feb 2022

Accounting firm Xero's small business data for January in Australia and Britain contains a warning for New Zealand firms about what to expect from the omicron variant of covid-19.Xero's small business index, a measure of the health of NZ's small businesses, fell 18 points to 97 points in January, mainly because of slowing sales growth – 100 points is average, and the index has been at or above that level for all but two months since January last year.Xero's managing director for NZ and the Pacific Islands, Craig Hudson, sa...

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