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

 


Construction underpins 2013 business performance


Construction underpins 2013 business performance – Media release

29 August 2014

Total sales for New Zealand businesses increased 1.4 percent (to $531.5 billion) in the 2013 financial year, Statistics New Zealand said today. This followed a 4.2 percent increase in the 2012 financial year.

“Most of the industry groups showed growth in the 2013 financial year, with the sales increase in the construction industry being particularly strong," national accounts manager Gary Dunnet said.

For the construction industry, sales were up $2.8 billion (8.3 percent). Associated industries, retail trade and accommodation; and professional, scientific, technical and administration services, showed moderate increases. The agriculture, forestry and fishing industry showed the largest decrease, with sales dropping $0.9 billion (2.7 percent).

Total income was down 0.1 percent ($0.3 billion), to $611.0 billion in 2013. This followed a 6.0 percent increase in the 2012 financial year. The drop in income was due mainly to the financial and insurance services industry and followed an exceptional rise in this industry in 2012.

Surplus before income tax increased to $63.6 billion in 2013, up (7.9 percent) from $59.0 billion in the 2012 financial year. This was primarily due to a larger decrease in total expenditure than in total income.

The Annual Enterprise Survey (AES) is Statistics NZ’s most comprehensive source of financial statistics. It provides annual financial performance and position information about businesses operating in New Zealand.

We encourage the wider use of the AES data for business decision-making or economic-policy formation. For example, see industry benchmarks for statistics we produce with Inland Revenue that are linked with AES.

See Annual Enterprise Survey: 2013 financial year (provisional) for detailed data in the downloadable tables.

See Annual Enterprise Survey for additional variables and ratios.

See ANZSIC 2006 industry classification for background information.

Ends

For more information about these statistics:
• Visit Annual Enterprise Survey: 2013 Financial year (provisional)
• Open the attached files
AnnualEnterpriseSurvey13.pdf
aes13tablesbroadindustrygroup.xls

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news