New Zealand exporters are facing a challenging year as global economic conditions deteriorate, says credit reporting agency Dun & Bradstreet (D&B).The impact of global inflationary pressures, declining US consumer demand and the re-pricing of credit were eroding business profit margins and making it more difficult to sell products to key trading nations.

Smaller organisations - which made up the majority of the New Zealand exporting community - were most likely to feel the pressure of deteriorating economic conditions as they were less able to withstand economic headwinds than their larger counterparts, D&B said.

D&B data indicated that more than 80 per cent of this country’s exporters sold less than $10 million worth of goods and services a year and the vast majority employed a small number of staff.

Via: NZ Herald: Challenging year for NZ exporters - Dun & Bradstreet