Financial life looks up for small businesses

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...

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