ANZ's measure of traffic flows
Heavy index up 4.21 in January
- prior revised to -4.4%, from -4.2%
Light traffic index -0.5% m/m
- December was -1.5%
ANZ comment (in very brief)
- Given that the economy is hitting capacity constraints and uncertainty has taken a step up, it would not be surprising to see a bit of a cooling in the pace of GDP growth
more to come
--
The ANZ Truckometer is a set of two economic indicators derived using traffic volume data from around the country
- ANZ Heavy Traffic Index shows a strong contemporaneous relationship to GDP
- ANZ Light Traffic Index has a six month lead on activity as measured by GDP
The 'headline' is the heavy index.
The data point in not generally an immediate mover of the forex.
Truckometer also good in Korea - take notes!