Farming is powering strong small business sales growth.  

A Xero Small Business Insights report reveals an 8.6% year on year increase in sales in the June quarter. 

Agriculture saw a 16.3% increase, construction climbed 11%, and manufacturing rose 8.6% during the same time period.  

Country Manager Bridget Snelling told Mike Hosking it is a bit of a two-speed recovery, with retail only growing by 6.4%. 

She says there’s some ongoing uncertainty around fuel costs and geopolitical events which will continue to influence small businesses when it comes to hiring and investment decisions. 

Plus, Snelling told Hosking, consumers are still going to be a bit circumspect with their discretionary spend heading towards the election.  

LISTEN ABOVE 

Farming is powering strong small business sales growth. &nbsp;
A Xero Small Business Insights report reveals an 8.6% year on year increase in sales in the June quarter.&nbsp;
Agriculture saw a 16.3% increase, construction climbed 11%, and manufacturing rose 8.6% during the same time period. &nbsp;
Country Manager Bridget Snelling told Mike Hosking it is a bit of a two-speed recovery, with retail only growing by 6.4%.&nbsp;
She says there’s some ongoing uncertainty around fuel costs and geopolitical events which will continue to influence small businesses when it comes to hiring and investment decisions.&nbsp;
Plus, Snelling told Hosking, consumers are still going to be a bit circumspect with their discretionary spend heading towards the election. &nbsp;
LISTEN ABOVE&nbsp;

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Bridget Snelling: Xero Country Manager on small business sales growing 8.6% year on year, led by agriculture

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9abd5b82-5f13-4889-9d3a-b4960163bb3c/transcript