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

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news