22 September 2009

New Zealand immigration to fuel economy, jobs

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The retail and construction industries are forecasting more jobs as a result of an increase in immigration to New Zealand.

New Zealand immigration

New Zealand immigration looks to improve the retail and building sectors, new figures show.

New population figures show the country grew by an extra 15,600 people in the year to the end of August, a result that is much higher than the just 5,000 people for the previous year.

New Zealand retailers say the population rise will see an increase in retail sales while the building industry is also being lifted out of a slowdown with the increased demands for housing.

Speaking to Radio New Zealand recently, chief executive of the Newmarket Business Association in Auckland, Cameron Brewer, says 2009 has been particularly tough and some retailers are beginning their Christmas marketing early to push sales.

But the rising New Zealand immigration numbers are contributing to improved sales, Mr Brewer says, with listed retail companies like Briscoes and the Warehouse posting better than expected sales results.

Warwick Quinn, chief executive of the Master Builders Association, says the building industry hit a low of 14,000 consents in June, but business has begun to pick up and builders are once again looking at hiring staff.


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