Statistics New Zealand has released its permanent & long-term migration figures for May 2016, which revealed that net permanent and long-term migration into New Zealand continues to boom, smashing records:
Unadjusted figures showed a record net gain of 68,400 migrants in the May 2016 year. This is the 22nd month in a row that the annual net gain in migrants has set a new record. Before this period, the record was a net gain of 42,500 migrants in the year ended May 2003.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
