1 Nov 2023

Bad for business: New data shows more companies are going under

From Nine To Noon, 9:05 am on 1 November 2023
Closed sign at Rialto Food court in Auckland.

Photo: RNZ Marika Khabazi

There's been some high profile business failures this week, including online supermarket operator Supie and another craft beer brewery, Deep Creek, going into liquidation.

But new data out suggests they're not alone, with 40 percent more companies failing in September than a year earlier.

The construction and retail sectors have been particularly hard hit.

Credit Bureau Centrix has crunched the numbers and released its latest data. Managing Director Keith McLaughlin joins Kathryn to break it down and look at the pressure points.