Small businesses ‘exhausted’ and surviving ‘day by day’
SMEs call on incoming Government to prioritise small business.
Retail spending on clothing and home items fell last month.
Jonathan Mitchell
Tue, 21 Nov 2023
Key points
- What’s at stake: The survival of New Zealand SMEs ahead of Christmas.
- Background: Recent data has cast a cloud on firms already struggling with higher interest rates and stubborn inflation.
- Key players: Buy NZ Made, Dane Ambler, David and Jane Ellis, Earth Sea Sky, Shaleah Lawrence, Earth Woven, ANZ chief economist Sharon Zollner, RBNZ.
Smaller New Zealand businesses are “exhausted” and surviving “day by day”, according to a Christchurch business owner in the lead-up to Christmas.
Recent data has cast a darker cloud on firms already struggling with higher interest rates and stubborn inflation pressures.
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Jonathan Mitchell
Tue, 21 Nov 2023
Contact the Writer: jmitchell@nbr.co.nz
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Key points
- What’s at stake: The survival of New Zealand SMEs ahead of Christmas.
- Background: Recent data has cast a cloud on firms already struggling with higher interest rates and stubborn inflation.
- Key players: Buy NZ Made, Dane Ambler, David and Jane Ellis, Earth Sea Sky, Shaleah Lawrence, Earth Woven, ANZ chief economist Sharon Zollner, RBNZ.
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Small businesses ‘exhausted’ and surviving ‘day by day’
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