NZ migration, tourism continue to boom in July, could be nearing peak

Fri, 19 Aug 2016

By Sophie Boot Aug. 19 (BusinessDesk) - New Zealand's booming migration and tourism arrivals set a new record for July this year, driven by an influx of Chinese and Australian, though economists say the net migration trend may be close to a peak. Annual net migration reached 69,000 in July, down slightly on June which had an annual net gain of 69,100 but setting a new record for the month with a 16 percent gain on July 2015. The fall from June snaps a 23-month run of record-breaking annual net gains in migrants, Statistics NZ said. The in...

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