Insights into the health of small business

New Zealand | Reporting period: April 01, 2018 - April 30, 2019 Published: June 7, 2019 Next publish: July 8, 2019

Cash flow

52.1%

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

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of New Zealand small businesses were cash flow positive in April 2019
-4.83p.p.
Month on month
-0.81p.p.
Year on year

Cash flow

Percentage of New Zealand small businesses that are cash flow positive

In the past year, on average 49.21% percent of New Zealand small businesses were cash flow positive in any given month with March 2019 reaching the highest level at 57.0% percent.

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Getting paid

8.8

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

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days late on average across all New Zealand small business invoices paid in April 2019
-7.77%
Month on month
-5.08%
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 8.8 days, with October 2018 and January 2019 being the worst month for late payments across all payment periods.

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Hiring people

2.7%

change in the number of New Zealand small business employees from March 2019 to April 2019

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change in the number of New Zealand small business employees from March 2019 to April 2019
2.65p.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 2019.

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Trading overseas

-17.6%

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

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change in the total dollar value of imports and exports for New Zealand small businesses from March 2019 to April 2019
-17.07p.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 2019, with a considerable decrease in month on month percentage change in December 2018 which continued into January 2019.

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Cloud adoption

17.0%

growth in New Zealand subscribers on Xero in the year through 31 March 2019

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growth in New Zealand subscribers on Xero in the year through 31 March 2019

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 31 March 2019.

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New Zealand | Reporting period: April 01, 2018 - April 30, 2019 Published: June 7, 2019 Next publish: July 8, 2019