New Zealand – ANZ March Truckometer (heavy): -1.1% (prior was +2.4%)

• Prior was +2.4%, revised from +2.3%

Frm ANZ;

Q4 2013 may well have been the peak of quarterly growth in the current upswing

However, annual growth will continue to accelerate, and the ANZ Truckometer continues to give no sign of the economic expansion running out of steam any time soon

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Measures traffic volumes as a proxy for GDP growth