ANZ Truckometer for June, -0.8%

  • Heavy Index -0.8% in June (sa)
  • Light Index -0.7% in June (sa)

NZD up a few points after the data. Not a lot in it, though. It hit new highs for the rally in the overnight, August 2011 highs are in sight.

From ANZ:

  • The ANZ Heavy Traffic Index fell a further 0.8% in June (sa). The index suggests quarterly GDP growth in Q2 may be sharply lower than the 1% per quarter rate enjoyed since mid-2013.
  • The ANZ Light Traffic Index leads GD P by 6 months. It fell 0.7% in June (sa), after rising in the three preceding months.
  • suggest economic momentum will roll on in the second half of the year but with some bumps along the way. Both indexes are consistent with an easing in quarterly growth in Q2 but the Light Traffic Index then indicates a potential rebound.
ANZ truckometer graphs 10 July 2014

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Next up from NZ we get Business NZ manufacturing Purchasing Managers’ Index (PMI) for June, prior was 52.7