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 down 4.2% m/m, July revised to +3.9%
  • Light Traffic rose 0.3% m/m

ANZ comments, in brief:

  • not sending good signals about Q3 GDP (albeit a mointh still to come)
  • business sureys have been downbeat on the near term outlook for some time
  • light traffic index trending down, but suggesting Q4 may improve

NZD little changed.