20 per cent fewer cafes post-quake
Christchurch Earthquake 2011
The number of businesses in Christchurch has not fallen as much as expected after the February 2011 earthquake, although there are 20 per cent fewer cafes and restaurants in the city, new Statistics New Zealand figures show.
As at February this year, there were 36,400 businesses in Christchurch, a 2.5 per cent fall from the previous year.
As expected, the central business district had lost a significant number of businesses, Statistics New Zealand business infrastructure and performance manager Hamish Hill said.
''Interestingly, this has almost been offset by growth in the western suburbs," he said.
The mix of industries had changed.
In Christchurch there were almost 20 per cent fewer cafes and restaurants, but more than 10 per cent more business locations associated with house construction.
In the western suburbs, the number of employees in construction services was up by almost a quarter, Hill said.
Across the country, there were 469,100 businesses at February 2012, down 0.8 per cent from 2011. There was a decrease in all regions except Wellington, which increased by 0.1 per cent.
The Auckland region still accounted for almost a third of all business locations, while a quarter were in the South Island, Hill said.
The number of new businesses starting up fell 11.2 per cent, while the number of businesses closing increased 2.3 per cent compared with the year before.
Survival rates of businesses were similar to previous years, with four in five businesses surviving their first year of operation, and close to 30 per cent surviving 10 years.
The number of people employed by New Zealand's largest businesses (100 or more employees) increased by 1.1 per cent, but the number employed by smaller businesses (one to five employees) fell by 0.1 per cent.
"Almost half of all paid employees work for our largest businesses,'' Hill said.
- © Fairfax NZ News
Are you happy with progress towards recovery?Related story: September 4: Three year report card