Kiwi small business sales stagnate as agriculture shines in June

Kiwi small business sales remain subdued in June quarter

Xero, the global small business platform, has released its Xero Small Business Insights (XSBI), revealing weak New Zealand small business sales performance in the June quarter. XSBI data shows consistent underperformance over the past 12 months, with Kiwi small business sales falling by 0.1% year-on-year (y/y) in the June quarter, following a modest 1.1% y/y rise in the March quarter and a 0.5% y/y decline in the December quarter. These result…

Weak sales performance for small businesses except for agricultural sector

Despite OCR cuts, small businesses ‘yet to see the expected boost to consumer and business activity’ but agricultural sector sees sales grow

Kiwi small business sales stagnate as agriculture shines in June

Small business sales in New Zealand stalled in the June quarter, down 0.1% year-on-year, while agriculture sales surged 10.9%, showing sector disparities.