MYOB: No danger of a double-dip recession

Despite signs of a slow and shaky recovery, New Zealand is not in danger of a double-dip recession, with over a third of businesses reporting more work or sales in the pipeline for the next three months, according to the August MYOB Business Monitor.

 

New Zealand may not be a nation of small shop keepers, but with 90% of enterprises having five or fewer employees, it is certainly a place of small and medium enterprises according to the Ministry of Economic Development's report on SME structure and dynamics.

The index for New Zealand's fastest growing businesses, The 2010 Deloitte Fast 50, is open for entries.

This is the 10th year that high-growth businesses from throughout New Zealand have been invited to benchmark their business growth over the past three years against each other.

Nearly 90% of medium-sized businesses are planning for growth in the next year according to the ANZ Business Barometer.

Business will be a leading driver for climate change as the effects of the Copenhagen Accord begin to impact world economies, finds a KPMG white paper launched in New Zealand today.

New Zealand businesses are still upbeat about the economy over the coming year, and are getting ready to start hiring, with employment intentions at an eight-year high.

Around a third of small and medium businesses (SMEs) have reported a revenue decrease over the last 12 months according to the April MYOB Business Monitor.

Failed finance companies have netted PricewaterhouseCoopers more than $10 million since the sector collapse started in 2006.

New Zealand chief executives have taken a greater interest in risk management since the recession with 79% having changed their approach according to the PricewaterhouseCoopers 13^th Annual Global CEO Survey.

For the first time, PricewaterhouseCoopers (PwC) New Zealand carried out its own extensive survey of New Zealand chief executives, seeking the views of 72 of the country's top leaders in both the public and private sectors.

Online accounting software service Xero (NZX:XRO) has signed a Heads of Agreement with Federated Farmers and will tailor its online products specifically for the rural market.