Total income in the financial and insurance services industry in this country fell 7.5 percent, or more than $6 billion, in the 2009 financial year, as a financial crisis engulfed the globe.Statistics New Zealand's annual enterprise survey, published toda
Total income in the financial and insurance services industry in this country fell 7.5 percent, or more than $6 billion, in the 2009 financial year, as a financial crisis engulfed the globe.
Statistics New Zealand's annual enterprise survey, published today, put the total income for all industries in 2009 at $569.2 billion, up 0.4 percent from the year before.
Among the industry categories in the survey, financial and insurance services had the strongest decrease, falling to $74.3b from $80.4 the year before.
Manufacturing recorded the largest rise in income, lifting 5 percent or $4.6b to $95.8b, while the surplus before income tax in the sector lifted 9.9 percent to $5.7b.
Food product manufacturing accounted for 34.5 percent of total manufacturing income, and recorded sales up 5.2 percent or $1.6b, SNZ said.
Total spending for all businesses rose 2.5 percent to $533.8b, while the total pre-tax surplus fell 27.5 percent or $13.7b to $36.1b, having already fallen 18.9 percent in 2008.
Industries covered in the survey contributed about 90 percent of this country's gross domestic product, SNZ said.
Results were presented for a nominal March year but the data was collected from businesses with balance dates between October 2008 and September 2009.
