Insights into the health of small business

New Zealand | Reporting period: February 01, 2018 - February 28, 2019 Published: April 8, 2019 Next publish: May 6, 2019

Cash flow

48.9%

of New Zealand small businesses were cash flow positive in February 2019

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of New Zealand small businesses were cash flow positive in February 2019
9.64p.p.
Month on month
0.46p.p.
Year on year

Cash flow

Percentage of New Zealand small businesses that are cash flow positive

In the past year, on average 50.12% percent of New Zealand small businesses were cash flow positive in any given month with March 2018 reaching the highest level at 56.5% percent.

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Getting paid

8.9

days late on average across all New Zealand small business invoices paid in February 2019

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days late on average across all New Zealand small business invoices paid in February 2019
-17.52%
Month on month
-10.33%
Year on year

Getting paid

Average number of days late for a New Zealand small business invoice to be paid

The average delay for these payments throughout the year was 9.0 days, with March 2018 being the worst month for late payments across all payment periods.

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Hiring people

2.1%

change in the number of New Zealand small business employees from January 2019 to February 2019

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change in the number of New Zealand small business employees from January 2019 to February 2019
-0.78p.p.
Year on year

Hiring people

Percentage change in number of small business employees

February and October 2018 were the highest employment growth month at 2.9 percent while the worst month for employment growth was January 2018.

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Trading overseas

-17.1%

change in the total dollar value of imports and exports for New Zealand small businesses from January 2019 to February 2019

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change in the total dollar value of imports and exports for New Zealand small businesses from January 2019 to February 2019
3.48p.p.
Year on year

Trading overseas

Percentage movement in the total dollar value of imports vs exports

Both import spend and export spend saw the highest activity in March 2018, with a considerable decrease in month on month percentage change in December 2018 which continued into January 2019.

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Cloud adoption

19.6%

growth in New Zealand subscribers on Xero in the year through 30 September 2018

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growth in New Zealand subscribers on Xero in the year through 30 September 2018

Cloud adoption

A breakdown of the top 5 industries adopting Xero

The rental hiring and real estate services adopted Xero more than any other sector in the year through 30 September 2018.

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New Zealand | Reporting period: February 01, 2018 - February 28, 2019 Published: April 8, 2019 Next publish: May 6, 2019