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