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

 


NZ net migration at decade-high in Feb, China main source

NZ net migration at decade-high in February as China topples UK as main source

By Suze Metherell

March 21 (BusinessDesk) – New Zealand’s inbound net migration rose to a 10-year high in February, as fewer kiwis jumped the ditch to Australia and China became the biggest source of net migrants for the first time in a decade.

The country gained a seasonally adjusted 3,500 net new migrants in February, the most since April 2003, and up from 3,100 in January, according to Statistics New Zealand. Seasonally adjusted there was a net outflow of 600 people to Australia in February, down from 850 in January.

On an annual basis, New Zealand net migration rose 13 percent to 96,900 people for the year ended February, while departures fell 20 percent to 67,800. China became the biggest source of net migration for the first time in a decade, with a net gain of 6,100 people, followed by India with more than 5,800, and pipping the UK which had previously provided the biggest net migrant gain.

Chinese long-term arrivals rose 8.7 percent to 8,556 in the year ended Feb. 28, and are up 14 percent over the past two years. At the same time, UK arrivals, slipped 0.6 percent to 13,929, and are down 3.1 percent over the past two years.

Last week the Reserve Bank said net migration has rapidly increased over the past 18 months, boosting demand for housing and consumer spending, and is seen as an inflationary pressure that prompted the bank to lift the official cash rate a quarter-point to 2.75 percent.

“This monthly result suggests migration flows may be starting to run a little ahead of our forecasts, although it is difficult to judge whether that will be sustained,” ASB economist Dan Smith said in a note. “Strong inwards migration will continue to add to domestic demand and housing market pressures, and is one of the reasons why interest rates will rise over the next couple of years.”

Auckland attracted most of the nation’s new migrants with a net gain of 13,700 in the year. Canterbury followed with a net gain of 5,100 migrations, while Otago recorded a net increase of 600 migrants and Wellington attracted 400 new net migrants.

Today’s figures also showed short-term visitor arrivals rose to a record for a February month, led by an increase in Australian visitors. Total visitor arrivals rose 7 percent to 301,200 people from the same month the previous year. More than 105,500 Australians visited New Zealand in February, offsetting declines in Chinese and Hong Kong visitors due to an earlier Lunar New Year.

On an annual basis visitor arrivals rose 7 percent to 2.77 million in the year ended February. Australians made up the bulk of the arrivals, with a 6 percent gain to 1.23 million. German visitors were the fastest growing group, up 16 percent to 73,760, while Chinese arrivals grew 14 percent to 237,200 visitors.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news