NZ net migration holds up in November as Australia falls out of favour

Thu, 19 Dec 2013

Dec. 20 (BusinessDesk) - New Zealand’s inbound migration remained elevated in November as new migrants kept arriving and fewer locals drifted across the Tasman. The country gained a seasonally adjusted net 2,800 new migrants in November, down from the 10-year high of 3,000 in October, according to Statistics New Zealand. On an actual basis, there was an inflow of 3,700, up from 1,700 a year earlier. The seasonally adjusted net loss to Australia of 980 was the third month in a row where the outflow across the Tasman was lower than 1,000. On...

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