Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Number of Businesses in NZ Up 4 Percent

26 October 2006

Number of Businesses in New Zealand Up 4 Percent

The number of non-farming businesses increased 4 percent in February 2006 compared with February 2005, following a 3 percent increase in the previous year, Statistics New Zealand said today.

In February 2006, there were 346,000 businesses in New Zealand. Property and business services continues to be the industry with the largest number of businesses, representing 36 percent of all enterprises in New Zealand. This year's increase in business numbers resulted mainly from property and business services (up 5,900), followed by construction (up 2,300). These industries also contributed most to last year's growth. The majority of the new businesses in these industries were non-employing (83 percent in property and business services, and 52 percent in construction).

Ninety-six percent of non-farming businesses had fewer than 20 employees, but in total this group accounted for less than a third of all New Zealand employees. Ninety-seven percent of the annual growth in business numbers comes from businesses with fewer than 10 employees. Business numbers increased in all regional council areas in February 2006 compared with February 2005.

More than three-quarters of New Zealand businesses were located in the North Island, with 35 percent in the Auckland region. The number of businesses increased by 3 percent in the North Island and by 4 percent in the South Island.

Business demography statistics exclude businesses engaged in farming, and generally exclude businesses with GST turnover less than $30,000 per year.

Brian Pink

Government Statistician

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news