New Zealand Bucks International Trends : Migration Bureau

By: Migration Bureau  05-Apr-2012

During the last few months, New Zealand's economic health has been proving to be more robust than many others, and fortunately fairly resistant to international worries about the Euro-Zone debt crisis. Nett migration into New Zealand has also shown strong growth, helping to contribute to the positive economic outlook.

Statistics New Zealand commented this week that "Levels of activity are nearly back to where they were in the peak of December 2007". The NZ manufacturing sector grew for the seventh month in a row and services continued to expand at the fastest rate since 2005. The construction industry is forecasting large growth in 2012 and 2013 with a consequent increase in demand for skilled workers and tradespeople.

New Zealand's terms of trade - the measure of exports over imports - is at a 37 year high. One of New Zealand's largest companies, the dairy co-operative Fonterra, has just announced a record after-tax profit which translates into a NZ$10 billion boost for the country's economy.  “The underlying story remains buoyant,” said Jane Turner, economist at ASB Bank.

With continued bleak economic conditions in the UK and Europe, it seems that better opportunities exist for people emigrating to New Zealand.

The information in this article was current at 27 Mar 2012

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