A small business advocate says companies are still feeling the pinch despite lowering inflation. 

The inflation rate in the year to September was 5.6%, lower than the 6% in the year to June. 

Small Business Voice NZ Chief Executive Max Whitehead says while he's optimistic for the future, that lower rate isn't being reflected in many's experience. 

He told Kate Hawkesby that there isn't the confidence at the moment for businesses to reinvest in themselves. 

Whitehead says they're reluctant to put money into things like machines which can improve productivity.

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A small business advocate says companies are still feeling the pinch despite lowering inflation.  
The inflation rate in the year to September was 5.6%, lower than the 6% in the year to June.  
Small Business Voice NZ Chief Executive Max Whitehead says while he's optimistic for the future, that lower rate isn't being reflected in many's experience.  
He told Kate Hawkesby that there isn't the confidence at the moment for businesses to reinvest in themselves.  
Whitehead says they're reluctant to put money into things like machines which can improve productivity. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.