The ANZ Truckometer is a set of two economic indicators derived using traffic volume data from around New Zealand.
ANZ use traffic flows in this indicator as a proxy for economic growth.
Heavy traffic index -1.2% m/m
- prior revised to +3%
- ANZ note the volatility of this index due to lockdown, freight disruptions
- ANZ add it is showing a 'busy' economy
Light index +0.6% m/m
- prior +2%
