ANZ proxy measurement for New Zealand, the economic growth, the Truckometer is a measure of traffic flowsHeavy -1.5% m/m
- prior was revised upward to +6.5% from +6.2%
The light -0.1% m/m
- before +2.7%, revised from +2.6%
ANZ citing the election as a contributor to the decline this month
To say that the economy may not have grown much in T3 … The Heavy Traffic Index has flattened off and suggests GDP
the growth was low in Q3.
- This is consistent with the more mild of the construction and housing pro-cyclical parts of the economy.
- The good news is that the rejuvenated economic engines on the horizon, but the horizon is still a way out and there is an election related to the uncertainty of the potholes in the meantime.
A man and a truck and pleasure.