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8 Sep 2024 11:51
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  •   Home > News > Business

    Small businesses have seen their biggest decline in monthly sales since the first Covid lockdown

    Small businesses have seen their biggest decline in monthly sales since the first Covid lockdown

    25 July 2024
    Xero's latest quarterly Small Business Insights report shows sales fell 1.5-percent year-on-year in the April to June quarter.

    The month of June saw an 8.3-percent drop - the largest monthly fall since May 2020.

    Head of Sales Paul Churchman says this was driven by industries that rely heavily on discretionary spending.

    He says it's an overall tightening that everyone's felt across the country.

    © 2024 Newstalk ZB, NZCity


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