Small business confidence falls as Covid starts to bite

by | Dec 17, 2021 | News

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.

About the Author

Vincent Heeringa

Hi, I'm Vincent! I'm a co-founder of The Feed, a writer, marketer and PR expert specialising in food, tech and sustainability. In a previous life I was publisher of Idealog, Stoppress, NZ Marketing and Good magazines and helped establish the Science Media Centre. I'm also the host of a podcast ‘This Climate Business’. When I'm not burning the midnight oil, I'm hitting the town or planting trees with my wife Sarah. Ping me to talk about all things food. @vheeringa

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