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Financial News: New Zealand Net Migration Falls In February

New Zealand Net Migration Falls In February

03/21/2018 - 01:04:00 (RTTNews)

(RTTNews) - New Zealand's net migration declined in February from a year ago, figures from Statistics New Zealand showed Wednesday.

In the year to February 28, the country recorded a net migration of 68,943, down from 71,333 in the same period of 2017.

"This is the first time since May 2016 that annual net migration has been below 69,000," population insights senior manager, Peter Dolan, said.

"Although annual net migration is slowing, it still remains high by historical standards."

Annual net migration reached a record high of 72,400 in the July 2017 year, but has continued to slow since then.

Migrant arrivals numbered 131,000 in February and migrant departures totaled 62,000.

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