New Zealand ANZ Truckometer (measures traffic volumes as a proxy for GDP growth)

‘Heavy’ traffic index for November: -2.9% m/m

  • prior +0.8% (revised from +1.6% m/m)

–

  • The ‘Light’ traffic index is -1.4% m/m

Comments from ANZ:

  • Heavy Traffic Index “trend remains upward but may be showing early signs of flattening out”
  • Light Traffic Index “suggests ongoing solid momentum into next year but the growth rate is moderating”
ANZ truckometer 09 December 2014

NZD off a couple of tics after the data but barely anything in it.