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Survey shows smooth start to the new millennium

Survey shows smooth start to the new millennium for businesses

The transition to the new millennium has been free of any significant Y2K problems for businesses, an impact survey conducted by Statistics New Zealand has found.

Businesses were surveyed both on 1 January and on 5 January when a larger number re-opened for the New Year.

Survey results from 1 January clearly indicated that businesses experienced minimal Y2K-related problems. Of the nearly 100 large businesses surveyed by Statistics New Zealand that were due to open on 1 January, none reported having any Y2K problems which prevented them from operating as normal. A number of minor incidents were reported which had been resolved quickly and did not have any impact on business operations. The results complement the findings of the Y2K Readiness Commission which monitored those sectors providing essential services, such as finance, telecommunications and the energy sector.

Survey results from 5 January proved consistent with those from 1 January. Of the 275 large businesses surveyed that were due to begin operations during the period 1 January to 5 January 2000, none reported Y2K problems significant enough to prevent them from operating as normal. In addition to a number of minor incidents, some isolated occurrences of more serious problems were detected during pre-operation testing. These were remedied before scheduled operations began.

The chance of industry-wide problems emerging is now too small to warrant continuing the survey.

Government Statistician Len Cook said the success of the survey was largely due to the willing co-operation of the businesses selected to take part.

"I would like to thank them for the input they provided during a potentially difficult time. This was one of the most well supported surveys Statistics New Zealand has done."

Len Cook Government Statistician

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