Statistics New Zealand has released its permanent & long-term migration figures for January 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 65,900 migrants in the January 2016 year. The annual gain in migrants has set new records for the last 18 months. Before the August 2014 year (43,500), the highest annual net gain in migrants was 42,500 in the May 2003 year.
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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.
