Sharechat Logo

NZ businesses lifted 2007 income by 6.3%

Friday 3rd October 2008

Text too small?
New Zealand businesses lifted their total income by 6.3% to NZ$523.9 billion in the 2007 financial year, just lagging behind growth in wages, according to Statistics New Zealand.

The results of the department's Annual Enterprise Survey showed 14 of 16 industry groups increased their income last year. Salaries and wages rose across all groups, gaining 6.4% to NZ$72 billion, slowing from a 7.7% pace in 2006.

The level of income growth slowed from 6.9% in 2006, according to the government statistician, which compiled data from Inland Revenue, the Treasury, local government and businesses.

Total expenditure rose 4.5% in the latest year to $464.2 billion, with purchases and wages being the biggest contributors.

By Jonathan Underhill



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report