Sharechat Logo

October migration slows as residents hop the Tasman

Monday 22nd November 2010

Text too small?

New Zealand's population in October grew at a slower rate than the previous month as more kiwis chose to seek their fortunes in Australia.

Seasonally adjusted net inward migration was 680 for October, down from 1,030 in September, according to Statistics New Zealand. The decline was due to a 6.6% increase in the number of residents leaving the country, with 6,610 departures in October, the highest level since January 2009. For the year to October, permanent and long-term departures rose 3% to 70,100.

"We expect net migration to remain relatively subdued over the next year," said ASB economist Jane Turner. "Employment growth in Australia continues to outperform the recovery in New Zealand, and will continue to attract New Zealanders across the Tasman."

Short-term overseas visitor arrivals fell 1% to 184,900 in October, compared to the same month in the previous year, the first decrease since May.

In October, visitor numbers from Korea rose by 1,492 to 5,425 compared to the same month last year, while the number of Chinese arrivals rose by 1,014 to 8,650. The numbers represent only a partial recovery from previous declines, having peaked at 10,200 Korean visitors in October 2006 and 9,600 Chinese visitors in October 2007.

Visitors from Australia fell to 81,200 in October from 87,676 in the previous year, which the department said was due to a shift in school holidays in New South Wales, which straddled the September and October months. The country also saw few visitors from the UK, down 14,800 from 16,600 previously. For the October year, annual visitor numbers rose 3% to 2.5 million, with almost half of them arriving for a holiday.

"The strength in the NZ dollar has provided a major headwind for this sector," said Turner. "The weakness in the New Zealand dollar against the Australian dollar, along with the high number of Australian visitor arrivals, should provide some offset."

New Zealand residents departed on more short-term overseas trips, up 2% to 180,600 compared to the same month in the previous year, the highest number of departures for the month of October. Kiwis took more trips to China, Malaysia and the US, up around 700 each, but fewer to Thailand, which fell by 800.

For the October year, New Zealanders departed on 2 million overseas trips, up 4% from the previous year, the highest level for departures ever. Australia was the most popular destination, with 966,400 trips, followed by 97,400 trips to the US, and 96,300 to Fiji, with also most half of the trips being holidays.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

GEN - Equifax reaffirms General Finance Limited's BB rating
General Capital Subsidiary General Finance Market Update
Acceleration of expressway will be transformative for Northland economy says EMA
The Warehouse Group - Proposed Scheme of Arrangement
The Warehouse Group - Proposed Scheme of Arrangement
Winton announces timing of its Annual Results
Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares