NZ annual migration at 11-year high in July, eclipsing June record

Wed, 20 Aug 2014

By Suze Metherell Aug. 21 (BusinessDesk) - New Zealand's annual migration extended its decade highs in July, with the inflow continuing to surpass Treasury and Reserve Bank expectations. The country gained a net 41,000 migrants in the year through July, the highest since August 2003, Statistics New Zealand said. Annual arrivals rose to 102,400, the highest ever inflow, while departures were down 22 percent from the year before to 61,400, as fewer New Zealanders left for Australia. The Treasury had forecast annual net migration to peak...

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