Economy

Financial life looks up for small businesses

Rebecca Howard
Wed, 15 Jan 2020

Financial life looks up for small businesses
Rebecca Howard
Wed, 15 Jan 2020
New Zealand businesses may still be worried about profitability, but things are looking up for the small end of town.  The latest Xero Small Business Insights data showed 58.47 percent of New Zealand small businesses were cash flow positive in November, up 8.51 percentage points on the month and 1.94 percentage points year-on-year. It was also nearly 1.5 percentage points higher than the previous record of 57 percent in March 2019.The latest Stats NZ data shows New Zealand’s small-to-medium enterprises, or SMEs, contributed $153 billi...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

Global Events
Jacinda Ardern soft-pedals on China’s Pacific ambitions
Pattrick Smellie | Thu, 07 Jul 2022

The prime minister has offered a conciliatory view of China's potential to do good in the Pacific region, as tensions between Beijing and Wellington grow over Chinese strategic ambitions in the region.

Primary Sector
Foot-and-mouth disease risk low from Indonesian PKE says Biosecurity NZ
Rebecca Howard | Thu, 07 Jul 2022

Biosecurity NZ sent a team to Indonesia for an extra level of assurance. 

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges