ANZ Truckometer for August: -1.2% m/m (prior was +2.5%)

ANZ Truckometer for August (heavy) is -1.2% m/m

• prior was +2.5%, revised from +2.6%

(The Truckometer index measures traffic volumes as a proxy for GDP growth.)

• Heavy traffic index -1.2% m/m
• light index +0.4% m/m

ANZ comments:

• Both of the indices are ‘flattening out to some extent, suggesting a moderation in growth lies ahead’

–

Technical Analysis: NZDUSD finds buyers at 50% retracement