Immigration moves back into positive

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The Australian Bureau of Statistics (ABS) has released Overseas Arrivals and Departures data for May 2021, which confirmed that net migration into Australia has moved back into positive.

There were a net 3,480 permanent & long-term arrivals in May, which followed April’s 270 net arrivals:

Net long-term arrivals

Net long-term arrivals turn positive.

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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.