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Xero Small Business Insights: Regional Deep Dive

Xero Small Business Insights: Regional Deep Dive

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Updated payment metric provides deeper insight

Receiving payment for goods or services in a timely fashion is one of the big pitfalls for small businesses. It can also contribute to a ‘trickle-down effect’. Xero Small Business Insights shows that on average, invoices processed through the Xero platform in June were eight days late.

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Trading overseas - no spring surprises

There won’t be many exporters sad to see the back of September, after New Zealand recorded its largest monthly trade deficit and was the second month in a row to show a significant monthly trade shortfall.

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The small business impact on the rise and fall of employment rates

Small but mighty is the mantra for our small business sector. In 2017, total employment by New Zealand’s small businesses accounted for 30 percent of the working population making them a key driver of job growth.

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Supporting the New Zealand small business economy

Xero Small Business Insights provides a monthly snapshot of New Zealand’s small business sector. Taking anonymised, aggregated data, it provides insights into five key areas of small business health: cash flow, getting paid, hiring people, trading overseas and cloud adoption.

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Small businesses continue to rebuild in September as Auckland restrictions ease

The Xero Small Business Insights (SBI) data for September reveals an uptick in small business jobs and year-on-year revenue growth in New Zealand.

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Small business payments set to gain pace heading into summer

Kiwi small businesses are on track for a sunnier summer, if the current trend for invoice payment times continues. Looking at the data for September, Xero’s Small Business Insights found that invoices processed through Xero are being paid about 8.5 percent faster than the same time last year.

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Small business jobs improve in October as NZ heads into summer

The latest Xero Small Business Insights (XSBI) for October show an improvement in NZ small business employment, while revenue remains similar to year ago levels.

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Small business jobs at record high since NZ’s first COVID-19 lockdown

The latest Xero Small Business Insights (XSBI) data for December 2020 shows small business jobs grew 2.8% in December (3.2% year-on-year) and are 6.4% above pre-crisis figures from March 2020.

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Small business hires up despite competitive job market

As New Zealand continues to experience low unemployment levels, there has been a trend of steady growth in the hiring numbers of small businesses coinciding with the beginning of summer.

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Signs of improvement for trade after rocky quarter

The latest Xero Small Business Insights reveal that after a difficult last quarter, overseas trading is starting to show a slow increase, with the total dollar value of imports rising 1.78% and exports 26.42%, from November to December 2018.

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New Zealand small business hiring numbers soften slightly

Xero Small Business Insights shows that employment growth is softening, though it’s from a gallop to a canter. However, we need to be careful making sweeping judgements. Official HLFS employment figures show small businesses are still doing a lot of the employment growth heavy lifting.