NZ migration rises to new annual record in May, closing in on Treasury's upside scenario

Mon, 22 Jun 2015

By Suze Metherell June 22 (BusinessDesk) - New Zealand annual migration rose to a fresh record in May as fewer locals left for Australia, while more returned from across the Tasman, and more students from India and China arrived. The country reported a net gain of 57,800 migrants in the year through May, ahead of a 36,400 gain in the year earlier period, and the 10th consecutive month where migration has broken records, Statistics New Zealand said. Migrant arrivals rose 15 percent from the year earlier, while departures slipped 10 percen...

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