10 Sep 2014

Survey shows strong business growth

1:45 pm on 10 September 2014

A recent survey has found the sales growth of small and medium-sized New Zealand businesses is at a five-year high.

The Colmar Brunton survey was commissioned by accounting software company MYOB.

It canvassed 1,000 business owners and operators throughout New Zealand during July and August.

MYOB's national sales manager in New Zealand, Scott Gardiner said the survey indicates annual revenue for the sector is up 30 percent, from a year earlier.

"Over and above the actual highlight itself of the best numbers in five years, which is fantastic news, I think the other highlight is how it's spread out of the main centres to the regional parts of New Zealand which is great news."

"The rural areas have really shone out this time around. Christchurch and Auckland have been the story for the past couple of surveys, but I think what we're seeing now is what we might call the trickle-down effect of the regions of a positive economic cycle," he said.

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