Analysts at ANZ note that New Zealand’s permanent and long-term net migration monthly inflows lifted by 170 to 5,090 in May (on a seasonally adjusted basis), as arrivals partially rebounded their April dip and departures continued to rise. Key Quotes “Despite the monthly rise, the cycle is continuing to trend down gradually. The annual net inflow is now sitting a little above 66,000, down from more than 67,000 in April and its peak of 72,400 in July last year.” “Permanent and long-term arrivals rose by 270 to 10,780 (sa), remaining below the 12-month average of around 10,900.” “Monthly permanent and long-term departures rose 100 to 5,690 (sa), above their 12-month average of 5,300, owing to a higher New Zealand citizen departures.” “Short-term visitor arrivals lifted 2.7% m/m (sa), and were up 5.2% y/y (sa), following a softer print last month.” “Strong migration-led population growth has been a key driver of economic activity this cycle and with net migration well and truly past its peak, the impetus to GDP growth is shrinking.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Initial jobless claims remained low – Nomura FX Street 3 years Analysts at ANZ note that New Zealand's permanent and long-term net migration monthly inflows lifted by 170 to 5,090 in May (on a seasonally adjusted basis), as arrivals partially rebounded their April dip and departures continued to rise. Key Quotes "Despite the monthly rise, the cycle is continuing to trend down gradually. The annual net inflow is now sitting a little above 66,000, down from more than 67,000 in April and its peak of 72,400 in July last year." "Permanent and long-term arrivals rose by 270 to 10,780 (sa), remaining below the 12-month average of around 10,900." "Monthly permanent and… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
