ANZ's 'Truckometer' is an indicator of traffic flows in New Zealand; its used as a proxy for economic growth

The 'heavy' traffic index is the headline, drops 4.1% m/m

  • prior revised to -2.3% from -1.9%

"Light' traffic

  • -1.9% m/m

ANZ is not impressed … their (in summary) comment:

  • indexes are now clearly flashing warning lights about … slower growth … for the New Zealand economy

more to come