New ZEALAND data — ANZ Truckometer for Sep: -1.5% m/m (prior +6.2%)

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.

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