Xero's NZ subs recover some revenue in May

Jenny Ruth
Wed, 01 Jul 2020

New Zealand's small businesses rebounded strongly in May compared to April but their revenue was still well down on May last year. On the other hand, employment levels within small businesses had recovered to within 1 percent of normal. Data from small business accounting software provider Xero showed its customers' revenue was down 22 percent in May compared with a year earlier, but that was a strong recovery from April's figures, which were down 41 percent. Xero counted 392,000 small businesses in NZ as subscribers at March 31 out of...

Try us for 10 days free

Each day we publish 10 to 20 originally-reported news stories on New Zealand business and the political economy.

You also get:

Instant alerts based on any keywords you choose.
A custom library of your saved stories.
An industry-leading search engine

After your trial subscriptions cost $24 a month or $249 a year.

If you don’t like our news service, we make it easy to quit with our one-button cancel.

Find out more

Opinion

ON THE MONEY: Boag, BNZ, Crimson and more

Victoria Young | Sat, 11 Jul 2020

Professional distancing We’re sure public relations expert and National Party stalwart Michelle Boag has had a few ups and downs in her colourful career, but you know things are rough when one of your...

Opinion

JEHAN CASINADER: Politicians are the worst advertisement for democracy

Jehan Casinader | Sat, 11 Jul 2020

In Wellington, when it rains, it pours.In recent weeks, there has been a steady stream of political scandals. Blunders, sagas, hiccups and missteps – too many to count.These events remind us why so ma...

Economy

BRIAN GAYNOR: Aluminium smelter reaches use by date

Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.