Small business sales have seen a decline in growth for the first time since Covid-19 lockdowns.

New Xero data for the September 2023 quarter shows a 1.5% decline year-on-year in sales, the weakest since September 2021.

It puts New Zealand well behind Australia and just behind the UK, but well ahead of the US and Canada.

Max Whitehead, the CEO of the Small Business Voice, told Mike Hosking that it comes down to the election.

He thinks that people are holding back and being cautious for the time being, but things may change once there’s a more concrete government and policy in place.

LISTEN ABOVE

Small business sales have seen a decline in growth for the first time since Covid-19 lockdowns. 
New Xero data for the September 2023 quarter shows a 1.5% decline year-on-year in sales, the weakest since September 2021. 
It puts New Zealand well behind Australia and just behind the UK, but well ahead of the US and Canada. 
Max Whitehead, the CEO of the Small Business Voice, told Mike Hosking that it comes down to the election. 
He thinks that people are holding back and being cautious for the time being, but things may change once there’s a more concrete government and policy in place. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...