Corporate failures in New Zealand reached their highest level in 15 years in 2025, with construction and hospitality among the hardest-hit sectors, according to a new Deloitte report, InsuranceBusinessMag.com reported. The firm’s New Zealand Insolvency Trends report found that formal appointments – covering liquidations, receiverships, and voluntary administrations – totalled 3,080 in 2025. This represents a 12% increase on 2024 and the highest annual figure since 2010.
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The Reserve Bank of New Zealand left interest rates unchanged at its monetary policy meeting and said it expected inflation to retreat soon and for economic recovery to gather pace in the year ahead, the Wall Street Journal reported. “The economy is at an early stage in its recovery. With ongoing strength in commodity prices, economic activity in the agricultural sector and regional New Zealand remains strong,” the central bank said Wednesday. The official cash rate was held steady at 2.25% as expected.
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New Zealand’s economy is showing signs of a full blown recovery with manufacturing activity surging in December to its highest level since 2021, the Wall Street Journal reported. The BusinessNZ performance of manufacturing index rose 4.4 points to 56.1 points in December from November, well above the average of 52.5 points since the survey began. All five sub-index values were in expansion during December, led by new orders, which achieved its highest level of activity since July 2021.
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Two large outstanding accounts, cited as the reason for the liquidation of a long-running South Canterbury electrical, refrigeration and heat pump company last year, are yet to be paid, ThePress.co.nz reported. Siebers International provided services across South Canterbury for more than 40 years, before it was put into liquidation by shareholder resolution in November 2024, with owner Peter Siebers saying he hoped liquidators would “pick up the fight” over “two very large contractual disputes”.
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A fifth report on the liquidation of Wishbone has raised the possibility that action could be taken against company directors after indications the company had been trading while insolvent for several months prior to liquidation in New Zealand, during which time it racked up debts it was unable to pay back, The Post reported. And, liquidator Mohammed Jan said, there would also be investigations into whether payments to certain creditors and related parties were voidable, or able to be clawed back. By law payments made when a company is insolvent can be voided in this way.
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New Zealand late on Sunday welcomed the United States' announcement that it would remove additional tariffs on a range of New Zealand agricultural products, including beef, offal and kiwi fruit, but said it would like to see all the additional U.S. tariffs on New Zealand goods removed, Reuters reported. President Donald Trump on Friday removed tariffs he had imposed on more than 200 food products, including beef, amid consumer concerns about rising U.S. grocery prices. The products represent around 25% of New Zealand's exports to the U.S.
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