New Zealand Businesses Show Continued Growth

New Zealand Businesses Show Continued Growth

The level of sales of goods and services for New Zealand businesses, as measured by the Annual Enterprise Survey (AES), reached $362.7 billion in the 2005 financial year, Statistics New Zealand said today. This is an increase of 5.8 percent ($19.8 billion) on 2004, which is higher than the 5.0 percent increase recorded in 2004. Sales are the major component of total income, which reached $461.1 billion in 2005.

Purchases and payments to employees have also increased. Salaries and wages paid to employees increased by 7.8 percent ($4.6 billion) to $62.8 billion. Purchases and other operating expenses increased by 6.3 percent ($16.0 billion) to $270.0 billion.

Net additions to fixed assets increased by 12.3 percent to $38.6 billion, following a 34.5 percent increase in 2004. Other financial variables and economic ratios by industry are available in the accompanying Hot Off The Press, and at a more detailed level on request.

The AES is New Zealand's most comprehensive source of financial statistics, providing annual financial performance and financial position information about industry groups operating within New Zealand.

Industries covered in the survey contribute approximately 90 percent of New Zealand's gross domestic product.

Brian Pink
Government Statistician

ENDS

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