NZ Small Business Sales Slow Down in September Quarter, Says Xero
1 report, 1 independent
Updated Oct 1
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What happened
Xero released its Small Business Insights data on October 1, 2026, showing that New Zealand small business sales increased by 5.6% in the September quarter compared to the previous year. This growth was lower than the 9.1% recorded in the June quarter. While jobs in small firms rose 2.5%, hourly pay only increased by 1.3%, the weakest quarter since the series began in 2017.
From newswire.co.nz
Why it matters
The report indicates that trading is holding up near its long-run average, but cash flow is slowing as customers take longer to settle their bills. The slowdown is attributed to the impact of higher fuel prices, low wage growth, and two cash rate increases during the quarter.
From newswire.co.nz
Who's involved
- XeroProvided the small business sales insights for New Zealand
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The entities involved
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Xero
accounting software operated by Xero Limited