Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ inbound net migration holds up in December

NZ inbound net migration holds up in December as Australian exodus slows

Jan. 30 (BusinessDesk) - New Zealand’s inbound migration stayed elevated in December as the number of new migrants continued to rise and fewer locals packed up to cross the Tasman.

The country gained a seasonally adjusted 2,800 net new migrants in December, largely unchanged from a month earlier, according to Statistics New Zealand. Seasonally adjusted, about 2,600 people left New Zealand for Australia, in line with a month earlier, while the number of new arrivals rose to 8,300 from 8,200 in November.

On an annual basis, New Zealand gained a net 22,500 new migrants, compared to an outflow of 1,200 a year earlier. That’s the biggest inflow of migrants since 2003, when the country gained a net 34,900 migrants.

Inbound migration is seen as one of the factors driving New Zealand’s accelerating economic momentum as it fuels a bubbling property market. The Reserve Bank today signalled an interest rate hike is imminent as it looks to head off inflationary pressures, in an economy that’s expected to grow at an annual pace of about 3.5 percent this year.

Australia was the biggest contributor of new migrants, with 19,500 permanent and long-term arrivals in 2013, a gain of 31 percent from a year earlier. That was followed by 14,000 people from the UK, down 0.4 percent from 2012 and 8,200 people from China, up 5.9 percent.

Today’s figures also showed a 4.9 percent rise in short-term visitor arrivals to 381,900 in December from the same month in 2012, for an annual gain of 6 percent to 2.72 million. Increasing numbers of Australian and US visitors offset declining numbers of Chinese in December.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news