Sharechat Logo

NZ: Falling net-permanent migration

Monday 4th February 2008

Text too small?
The net number of permanent migrants dropped to just 20 in December, as the number of departures continued to rise.

The tiny increase in net-permanent migration is the smallest since May 2001 (when departures exceeded arrivals by 250 emigrants).

Over the 2007 year, immigration growth moderated to the slowest pace in over six years. The drop in immigration points to weaker demand for housing and a drop in consumption growth. Departures bounced to 13.1% in 2007, while arrivals fell 0.2%.

Net-permanent immigration placed a solid floor under housing activity and consumption growth in 2006 and early 2007.

The recent downward shift in immigration has effectively lowered that floor into 2008, and the downside risk to housing market activity and consumption growth has risen as a result.

That said, given the slowdown globally, fewer Kiwi's are likely to depart New Zealand in 2008, and a larger amount of expatriates may return home - bolstering the net migration numbers somewhat.

The number of short-term visitor arrivals fell 1.2% in December. The fall in tourists to New Zealand represents the third monthly decline in four months, and points to a reduction in service exports over the quarter.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report