NZ net migration at annual record in August on big inflow, fewer departures

Thu, 18 Sep 2014

By Suze Metherell Sept. 19 (BusinessDesk) - New Zealand’s annual net migration rose to a record in August, exceeding Treasury’s forecasts, and spurred by more migrant arrivals and the ongoing decline of Kiwis leaving for Australia. The country gained a net 43,500 migrants in the year ended Aug. 31, the highest ever gain, according to Statistics New Zealand. Annual arrivals reached a new high of 103,900, while departures were down 22 percent from the previous year to 60,400. Meanwhile, the net loss of 6,500 people to Australia was the sma...

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