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

 

Revenue Renewal: Tax Modernisation Programme Launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system. More>>

ALSO:

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news