News

New survey by MYOB reveals nearly half of SMEs plan to leverage the Government’s new Investment Boost in next six months.

By Dean Chadwick, MYOB Chief Customer Officer

Measures announced in today’s Budget 2025 to spark business investment may be the encouragement New Zealand businesses need to take the leap and push for growth, according to MYOB.

Confidence amongst New Zealand’s small and medium-sized enterprises (SMEs) has entered into positive territory for the first time in five years in MYOB’s 2025 Business Monitor, backed by revenue improvements across a range of local industries. The proportion of SMEs expecting the economy to improve over the next 12 months is also at its highest level since 2016.

With the Government’s reinvigorated growth agenda aiming to chart a brighter course for the New Zealand economy, a new report reveals local mid-sized businesses and their performance locally and internationally could boost its chance of success – but only if constraints limiting their potential are addressed.

Business management platform MYOB has unveiled the winners of its Enterprise Partner and Independent Software Vendors (ISV) Awards, recognising their achievements at a ceremony held last night in Sydney. 

Nearly a third of New Zealand’s small and medium-sized businesses (SMEs) are entering 2025 with growing sales pipelines for the first quarter of the calendar year, according to new insights from MYOB. 

New polling reveals just over a quarter of New Zealand’s small and medium-sized businesses (SMEs) are expecting an improved sales performance over the festive period, following a year of knocks to revenue and profitability. 

New insights show that New Zealand’s mid-market businesses are benefitting from quick gains following software upgrades to the cloud, as leaders look to further embrace digital technologies to achieve their expansion goals. 

More interest rate relief may be in sight but most New Zealanders are feeling the pinch from other household costs leading up to the festive season this year, as spending plans for the holiday period remain at similar levels to 2023.