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.


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

© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news