State of the Nation summary 2024

State of the Nation

How Kiwi Businesses Felt Last Year

We asked Dori Apparel customers to share what they were seeing on the ground. Here’s the snapshot: confidence, costs, demand, hiring, and where help is most needed.

Team reviewing charts
39 total responses • Sept 2024

Confidence for Growth (12 mo)

2.95 / 5
Cautious optimism

NZ Economy Sentiment

2.08 / 5
Muted confidence

Industry Outlook (12 mo)

2.95 / 5
Waiting for a turn

Customer Demand vs Last Year

Average rating: 2.62 / 5 — demand was softer than the year prior.

Softer overall

Revenue & Profit (Last 6 mo)

Average rating: 2.46 / 5 — tight margins and patchy sales.

Down for many

Price Moves (Next 12 mo)

Most expect to adjust pricing to cope with costs.

Yes, slightly

Yes, significantly

No / Decrease

Other / Mixed

Totals: 21 slightly • 5 significantly • 5 no/decrease • 8 mixed comments

Major Investments (Next Year)

No

Yes

Not sure

23 no • 9 yes • 7 not sure

Hiring Intentions (6 mo)

No

Uncertain

Yes

Not relevant

16 no • 12 uncertain • 8 yes • 3 not relevant

Finding Skilled Staff

More difficult

About the same

Not relevant

Easier

14 more difficult • 13 same • 9 not relevant • 3 easier

Calculator and costs on desk
Top challenges: Rising costs • Lack of demand • Regulation

Biggest Cost Concerns

Wages

Materials

Rent

Utilities

Transport

Mentions: Wages (11) • Materials (8) • Rent (6) • Utilities (4) • Transport (3)

What would help most right now?

  • More customers spending / stronger demand
  • Less regulation & clearer guidance
  • Inflation easing, tax pressure relief
  • Better marketing, networking & investment confidence

Advice from business owners

Hang in there if you can!
Cut costs, but not investment.
Start small and carefully manage staffing and workflow.
Stay positive — review overheads and trim where possible.
Support each other and network. Work smarter.
Get paid.

Help shape the 2025 snapshot

We’re publishing year-on-year stats comparing 2024 vs 2025 — costs, demand, hiring, and outlook. The more voices we have, the sharper the insights for Kiwi businesses. Share what’s changed for you and help build a useful benchmark for everyone.

Take the 2025 survey →
Take the 2025 survey →
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