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Small business confidence falls as Covid starts to bite

The latest quarterly small business survey by MYOB shows a negative outlook among New Zealand SMEs.

In line with previous reports, the December SME snapshot shows that confidence in the economy has been heavily influenced by the impacts driven by COVID-19, with businesses adapting to juggle additional lockdowns, supply chain issues, skilled employee shortages, and more.

Confidence in the near future, especially regarding growth in revenues, is low.

 

“While confidence has been shaken, revenue has also been significantly impacted due to lockdowns, limited customer numbers, and no international visitors – with the exception of the short-lived trans-Tasman bubble,” says MYOB’s Jo Tozer.

 

For a full recap of MYOB’s SME insights for 2021 and a review of the year to date, download the report.

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Vincent Heeringa

Vincent Heeringa

Vincent Heeringa is a communications strategist, writer, marketer and PR expert specialising in tech, investment, and sustainability. He was co-founder of Idealog, Stoppress and Good magazines and helped establish the Science Media Centre. He is the host of a podcast ‘This Climate Business’, co-founder of The Feed.co.nz, and a trustee of the Adventure Specialties Trust. And there's nothing he loves more than a good story. vincentheeringa.com

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