The net inflow of immigrants fell last month, a sign that one of the main propellants of economic growth may be weakening.
Tuesday, July 22nd 2003, 4:18AM
by The Landlord
Adjusted for seasonal effects, the net gain of permanent and long-term migrants was 3100, Statistics New Zealand said, down from 3700 in May, reflecting both a drop in immigration and an increase in emigration.
It is the weakest inflow this year and below the monthly average of 3500 over the past year.
Deutsche Bank economist Darren Gibbs said that in recent months arrivals from Asia had moderated, partially offset by more from Europe.
