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

The 'heavy' traffic index comes in down 1.9% on the month

  • previous was +4.3%, revised from +4.6%

'Light' traffic +0.1% m/m

ANZ comment on the result:

  • the indicator is sending positive signals for better GDP growth in Q4

NZD barely changed, this is not a forex moving release but is a good background guide as a 'where to' for the NZ economy.