Insights into the health of small business

New Zealand | Reporting period: October 01, 2017 - October 31, 2018 Published: December 6, 2018 Next publish: January 13, 2019

Cash flow

48.5%

of New Zealand small businesses were cash flow positive in October 2018

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of New Zealand small businesses were cash flow positive in October 2018
-5.49p.p.
Month on month
1.50p.p.
Year on year

Cash flow

Percentage of New Zealand small businesses that are cash flow positive

In the past year, on average 50.86% 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

9.7

days late on average across all New Zealand small business invoices paid in October 2018

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days late on average across all New Zealand small business invoices paid in October 2018
21.14%
Month on month
7.86%
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 9.2 days, with January 2018 being the worst month for late payments across all payment periods except 30 day invoices.

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Hiring people

2.9%

change in the number of New Zealand small business employees from September 2018 to October 2018

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change in the number of New Zealand small business employees from September 2018 to October 2018
0.46p.p.
Year on year

Hiring people

Percentage change in number of small business employees

October 2018 was 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

-3.2%

change in the total dollar value of imports and exports for New Zealand small businesses from September 2018 to October 2018

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change in the total dollar value of imports and exports for New Zealand small businesses from September 2018 to October 2018
-10.01p.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 April 2018 which continued into May 2018.

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Cloud adoption

24.9%

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: October 01, 2017 - October 31, 2018 Published: December 6, 2018 Next publish: January 13, 2019

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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.

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International trading - a move to multiple markets?

  • Trading overseas

Since our earliest days, New Zealand has been a trading nation. We do not - and cannot - produce everything that we want to consume and enjoy. International trade plays a key role in our economic growth and is a vital contributor to New Zealand’s well-being.

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Economist insight - June Payment Trends

  • Economic insight

Economic downturns are associated with pressures on cash flow and delays in getting paid. When a downturn hits, business slows as less is done, people take longer to pay and cash flow pressures mount. Xero’s Small Business Insights data challenges the notion that the economy is in a downturn.

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Economist insight - June Employment

  • Economic insight

Xero’s Small Business Insights shows that employment growth is softening, though it’s from a gallop to a canter.

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Economist insight - Cameron Bagrie

  • Economic insight

Xero’s Small Business Insights series represents a big step forward in the availability and potential use of information to add value and provide intelligent customer insights on small business trends.

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Economist insight - employment

  • Economic insight

The economy is still humming going by readings from the Xero Small Business Insights employment gauge.

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Economist insight - trading overseas

  • Economic insight

Xero’s Small Business Insights provides key information on trends across businesses that are embracing the challenges and opportunities trading with the rest of world involves.