Rate of New Zealand immigration falls for fourth consecutive month
by Guneet S - June 23, 2010
New Zealand, 23rd June: Latest figures by Statistics New Zealand for May 2010 showed a continuous fall in the rate of New Zealand immigration for the fourth consecutive month.
As per the figures, number of new visitor arrivals in New Zealand in the month of May 2010 was equal to the rates of immigration in May 2009. This could be due to fewer visitor arrivals from nations including Australia and slight recovery in visitor hailing from Asia.
In May 2010, new visitors from Korea, China and Japan went up.
In the year ending on May 31, annual immigration went down to 17,967, the official data by Statistics New Zealand states. These figures are less than the figures of 19,954 for the year till April. Also, these figures are the lowest since the month of September 2009.
According to an economist at Goldman Sachs JBWere, Philip Borkin, rate of net migration is moderate and a bit fast than the expected rate.
In May 2010, total departures from New Zealand to Australia went up to 1693 from the figures of 1,241 in May last year.
Immigrant arrivals to New Zealand were recorded to be 141,300 in May 2010 while in May 2009, total number of immigrants arriving in New Zealand was 141,900, the figures by Statistics New Zealand show.
Visitors arriving from Australia to New Zealand declined by 3,100 in May 2010 as compared to the same month a year ago.
In May 2009, the number of immigrant arriving from Japan, South Korea and China had decline due to H1N1 virus. So, the month of May 2010 saw an increase in the number of immigrants arriving in New Zealand from these countries went up to 5,400
There has been an increase in the number of New Zealanders immigrating to other nations on overseas trips. The official figures show the total number was 165,400 registering an increase by 1 percent. The data also suggests that majority of New Zealanders going on overseas trips preferred China and the UK as compared to Thailand and Australia.
Visitor arrival happens to be a significant indicator of the condition of New Zealand’s economy.
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