Destroying your knowledge base before replacing it fully with a new model has to be one of the sillier ventures our national statisticians have embarked upon, and the consequent guesswork can lead to all sorts of wrong conclusions…. Nevertheless, the new model is starting to become useful.
Statistics NZ estimates the net inflow of migrants in the 12 months to February was 61,600 – a figure which will be changed every month for a few months as the Government agency adjusts its figures based on actual migrant movements.
Construction work put in place nationally in the December quarter rose $235 million from the September quarter to a new high of $6.08 billion, and rose $1.555 billion for the year to $22.777 billion.
Statistics NZ expects New Zealand’s resident population to reach 5 million late this year or in 2020, based on recent trends, after hitting 4.9 million at the end of September.
New Zealand’s net migrant inflow continued to slide in October, by nearly 1000 for the month compared to the previous October.
Auckland played a superstar role with a leap to record levels of new housing consents in July, and for the July year.