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

Related Posts

AUT Winter Series is back: get in quick

AUT Winter Series is back: get in quick

Unwrap the chocolate and break out the mead, AUT’s Culinary Arts and Gastronomy Winter Series is back to warm you up with all things food in 2024. From a MasterChef-like pastry competition to a slow food marketplace and exploring the intersection of food and pleasure,...

From seed to table, fresh food for all

From seed to table, fresh food for all

Food resilience is the goal of Grow On Katikati, a community initiative aiming to ensure that by supporting people to grow their own food, no one need go hungry.  An hour in the company of the organisers, volunteers, and participants of Grow On Katikati (GOK) at the...