Kiwi exodus recession indicator at quarter century high

Friday 21 August 2015

Statistics New Zealand has just released its permanent & long-term migration figures for July 2015, which revealed that net migration to New Zealand hit a record highs in seasonally adjusted terms:

Moreover, in the month of July, there was a net inward migration of people from Australia of 263 people – the highest net inflow since December 1990, or almost a quarter of a century.

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About the author

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.