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

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Economy watch: improving payment times for Kiwi small businesses

Getting paid is critical for any business, but particularly so for small businesses who do not typically have big balance sheets they can lean on. In their case, cash flow really matters.

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Signs of improvement for trade after rocky quarter

  • Trading overseas

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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Cashflow stability for New Zealand small businesses

  • Cash flow

Xero Small Business Insights (XSBI) showcases stability for Kiwi small businesses across a range of industries, from Transport and Retail to Agriculture and Education.

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A speedier start to summer invoice payments

  • Getting paid

The latest Xero Small Business Insights (XBSI) data showed a sunny end to the year for SMEs, with goods and services invoices being paid around 11.8 percent faster in December 2018 than the same time the previous year, at an average of 6.7 days late.

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Small business hires up despite competitive job market

  • Hiring people

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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Xero Small Business Insights: Regional Deep Dive

  • Getting paid

Xero Small Business Insights: Regional Deep Dive

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Economist Insight: September Payment Trends

  • Getting paid

Firms’ continue to pay the bills which shows that the economy is still performing well. Right now, economic growth – and various readings from hard data such as Xero Small Business Insights - continue to track above the more-timely sentiment surveys.

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Economist Insight: September Employment

  • Hiring people

Xero Small Business Insights employment data is showing a moderation in employment growth. But there are some good reasons for it.

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Small business payments set to gain pace heading into summer

  • Getting paid

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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Trading overseas - no spring surprises

  • Trading overseas

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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Dip in small business hiring numbers not a cause for concern

  • Hiring people

New Zealand’s unemployment levels have reached their lowest in a decade – but the latest Xero Small Business Insights (XSBI) paint a slightly different picture. The crux of the issue is our skills shortage, which continues to make hiring tricky for both small and large businesses.

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A positive outlook for Kiwi small business cash flow

  • Cash flow

The spring has brought some welcome news for small business owners. The latest XSBI data revealed that 54 percent of SMEs in New Zealand were cash flow positive in September, an encouraging nine percent increase on August and sitting within the top three best performing months for 2018.