Growth continues for New Zealand businesses

The level of sales and goods in New Zealand reached $362.7 billion for the 2005 financial year, according to the Annual Enterprise Survey. That is up nearly $20 billion on 2004.

Salaries and wages paid to employees also went up by 7.8 per cent to $62.8 billion.

Purchases and other operating expenses increased by 6.3 per cent to $270 billion - an increase of $16 billion. Net additions to fixed assets increased by 12.3 per cent to $38.6 billion following a 34.5 per cent increase in 2004.

The increase follows a rising trend over the past two years.

- NEWSTALK ZB