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Migration boosts the economic recovery in New Zealand

August 2013, 22
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Nearly 2, 000 people have arrived to New Zealand to live here for a long term. This is an increase in the number of immigrants from the month of July. This is another solid increase in the net migration. The prospects of migration in New Zealand look brighter.

Westpac economists stated that the net immigration was clearly the significant reason for New Zealand's economic development. New Zealand had gained traction along with better economic prospects.

Westpac also stated “The net proceeds will further strengthen the domestic demand in New Zealand along with the fuel housing market pressures"


Westpac senior economist Felix Delbruck said "There is no reason to believe that this trend will not stop any time soon, and the annual net immigration currently is more than 10,000. The net migration can easily reach 20,000 by the end of the year," At 20,000, it would be equivalent to about 0.4% of the population.

In the month of June, the net migration gain was 2, 200, seasonally adjusted, the highest since the middle of the year 2009. The net immigration in July reflected fewer New Zealanders leaving for Australia than the past, especially after the Christchurch earthquake that had occurred two years ago.

New Zealand had a net migration of 10,600 additional people arriving to stay for a longer term, than those leaving. This was the strongest level of net migration since the year to the end of November 2010.

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