Weekly Digest – 22 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Small business tips for a successful year-end season

Manage supplier relationships, make cash flow management a priority and other small business tips for making the most of the holiday season.

Economists predict drop in retail spending as household budgets squeezed

Third quarter retail trade figures are expected to reflect a difficult period for consumers, retailers and the economy. Stats NZ is expected to release the latest retail sales data at the end of the week, with economists forecasting a further drop in overall spending. 

Unlocking Growth: New analysis reveals top challenges for NZ medium-sized companies

A recent survey conducted by Canterbury-based company Pivot & Pace reveals that the primary obstacle hindering the growth of medium-sized businesses in New Zealand is the struggle to forecast future workloads and establish systems to find or develop staff with the necessary skill sets.

Fair return policies

Do you know when to give a customer a refund, repair or replacement? Business.govt.nz advises businesses on fair return policies and offers a quiz to test knowledge on customer returns and complaints.

All eyes on earnings results for NZ’s top listed companies

The final earnings season of the year swings into action this week, with investors and analysts paying close attention to what will be a health check on the broader economy.

Lacklustre growth’ in rural economy over third quarter – report

Regional economic momentum is waning as the primary sector slowdown hits rural communities. Infometrics’ third-quarter Economic Monitor points to provisional annual economic growth of 0.5 percent in the three months ended September 2023, which was slower than growth earlier in the year.

Economists reviewing their inflation and interest rate forecasts

Economists are reviewing their inflation and interest rate forecasts after new Stats NZ pricing information suggests the rate of inflation in the current quarter may be slower than expected.

How bad are weak export prices for the economy, really?

There are increasing questions being raised in the provinces about how hard the hit to the primary sector, and by extension the broader New Zealand economy, might be from lower export prices.

Are your online sales tactics OK?

Some e-commerce apps have features that might mislead your customers and aren’t allowed by New Zealand’s fair trading laws. Business.govt.nz has examples of what to avoid so that you can keep on selling online without any issues.

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