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

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