Feb migration may signal strengthening inflows - ASB

Fri, 12 Apr 2019

April 12 (BusinessDesk) Provisional migration data suggests net inflows may continue to strengthen through the rest of 2019, ASB senior economist Mark Smith says. While the latest Stats NZ data is subject to revision, it suggests the country gained a record 6,570 permanent long-term migrants in February. For the 12 months through February the estimated net inflow 61,576 would be the highest in 26 months, Smith said. “If correct, this will have widespread market and policy implications,” he said in a client note. “Looking at recent hist...

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