New Zealand insolvencies may have peaked, but firms remain under pressure
According to RNZ, insolvencies in New Zealand may have peaked, but firms remain under pressure. BWA Insolvency's quarterly report recorded 772 insolvencies in the first quarter of the year.
According to RNZ, company insolvencies in New Zealand may have reached their peak, yet economic pressure on firms persists. BWA Insolvency's quarterly report found 772 insolvencies in the first quarter of the year.
The report suggested the worst may be over, but stressed that businesses are grappling with difficult conditions. High costs and weak demand continue to pose risks for many firms.
The data shows that fragility in the New Zealand economy is continuing. This is not financial advice; the figures are attributed to data shared by RNZ and BWA Insolvency.
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