By Susan Edmunds of RNZ
Business failures are forecast to continue, even as the economy grinds to recovery.
Centrix said this week that liquidation numbers were up 16 percent year-on-year.
Simplicity chief economist Shamubeel Eaqub has compiled data from the NZ Gazette, which shows that in the year to February, 30 percent of businesses that were wound up were in construction.
Another 15 percent were in accommodation and food services, and 10 percent were rental, hiring and real estate.
Security and safety businesses had the highest proportion of businesses failing with a wind-up rate of nearly seven per 1000 enterprises. That was followed closely by accommodation and food services.
“[Security] is quite a small sector, most of…