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.