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5 Nov 2024 17:13
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      Home > News > Business

    Small businesses have taken yet another hit to sales and the workforce

    Small businesses have taken yet another hit to sales and the workforce


    The latest Xero Small Business Insights for the quarter ending in September shows sales fell to 2.7-percent year on year.

    Its a bigger decline than the 1.4-percent year-on-year fall recorded in the second quarter.

    Xero Country Manager Bridget Snelling says a third of small business are also downsizing their workforce.

    She says it is the most since early 2020 when lockdowns were impacting the business landscape.

    © 2024 Newstalk ZB, NZCity

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