According to BusinessNZ more businesses closed than opened in NZ last year.
Normally around 60,000 businesses are created each year and about 50,000 closes, a net increase of about 10,000. But in 2020 nearly 64,500 were created and nearly 65,000 closed - a net decline of around 300 firms. The last time there was a net decline was after the Global Financial Crisis. And fewer businesses have been listed for sale in recent months, according to ABC Business Sales, with hospitality business sales “non-existent,” but IT and property maintenance firms and supermarket suppliers selling strongly.
