22 Nov 2012

Second month of migration gains in NZ

6:39 pm on 22 November 2012

A rise in the number of people arriving to live in New Zealand long term, has led to a second month of migration gains.

Official figures show a seasonally adjusted net gain of 260 in October, up from 140 in September.

On an annual basis, there's been a net loss of 2300 people.

Meanwhile, the number of tourists coming here, fell in the year to October by 0.6%, to 2.5 million.

ANZ New Zealand senior economist Mark Smith says the number of people heading to Australia is slowing.

He says the labour market outlook in Australia is a touch softer than it's been for a number of months so New Zealanders are less likely to find jobs and are returning home.