Kiwi exodus recession indicator continues to flash

Sunday 27 September 2015

Statistics New Zealand last week released its permanent & long-term migration figures for August 2015, which revealed that net migration to New Zealand remained near record highs in seasonally adjusted terms:

Moreover, in the month of August, there was a net inward migration of people from Australia of 243 people, whereas the rolling annual net flow outflow of migrants to Australia slowed to the lowest level in nearly 24-years (since November 1991), at just 529 people:

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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.