ANZ Truckometer is a set of two economic indicators using traffic volume data from around New Zealand ( New Zealand Transport Agency volume figures for light and heavy traffic on 11 specific roads). ANZ use traffic flows in this indicator as a proxy for economic growth.

  • Heavy Traffic -2.5% m/m, prior revised to -1.6%.
  • Light Traffic -2% m/m

ANZ remarks on the report:

  • the slowdown in economic momentum may be finding a floor
  • light traffic index points to slightly better GDP in the next half year
  • suggests modest positive GDP growth outturns over the next six months