by Mon, 21 Jun 2010 00:51:00 +0200
New Zealand: Visitor arrivals fall 1.0% in May
FXstreet.com (Córdoba) - The number of visitors to New Zealand fell 1.05% in May from a 1.8% decrease in April. "Visitor arrivals to New Zealand in May 2010 were at similar levels to May 2009, due to a partial recovery in visitors from Asia offsetting fewer from Australia", Statistics New Zealand said today.
The Visitor Arrivals released by the Statistics New Zealand measures the number of visitors to New Zealand. As the tourism industry dominates a large part of the total GDP, the visitor arrivals is an important indicator of the overall economic condition in New Zealand. Normally, a high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish).
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