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

 


NZ net migration climbs to decade-high in January

NZ net migration climbs to decade-high in January with more arrivals, fewer departures

Feb. 27 (BusinessDesk) - New Zealand’s inbound net migration rose to a 10-year high in January as fewer people quit the country to cross the Tasman and the number of new migrants continued to gain.

The country gained a seasonally adjusted 3,100 net new migrants in January, the most since May 2003, and up from 2,900 in December, according to Statistics New Zealand. Seasonally adjusted, there was an outflow of about 2,640 people to Australia, while about 8,210 new migrants arrived in New Zealand.

On an annual basis, New Zealand gained about 26,700 migrants, compared to a largely flat level a year earlier. In the year, there was as net loss of 17,400 people to Australia, down from 37,900 a year earlier, with net gains led by migrants from the UK at about 6,000, China with 5,700, India at 5,600, the Philippines at 2,400 and Germany at 2,300.

Auckland attracted the biggest gain in net migration at 12,300, followed by Canterbury with 4,800, then Otago at 600 and Wellington at 300. Auckland and Wellington’s net gains were largely in professionals, while Canterbury attracted technicians and trades workers and Otago community and personal service workers, Statistics NZ said.

Inbound migration is seen as one of the factors driving New Zealand’s accelerating economic momentum as it fuels a bubbling property market, and the Reserve Bank has cited it as influencing its thinking as it prepares to embark on hiking interest rates to head off future inflation.

Today’s report also showed a 12 percent increase in the number of short-term arrivals to 292,400 in January from the same month a year earlier, for an annual gain of 7.5 percent to 2.75 million. The monthly gain was underpinned by a 60 percent surge in the number of Chinese visitors to 30,100 and an almost doubling of people from Hong Kong to 3,100 coinciding with the Chinese New Year.

The increase in Chinese visitors was the first gain since September 2013 after new Chinese travel regulations in October led to a drop-off in tourist numbers.

(BusinessDesk)


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news