This is the ANZ Truckometer is a set of two economic indicators derived using traffic volume data
The 'Heavy' traffic index comes in at % m/m for February down 2.5% m/m
- prior +3.4%, revised from +4.1%
'Light' traffic index in at -0.2% m/m, third consecutive monthly fall and, says ANZ - sending a weaker signal for GDP growth from mid 2018
- prior -0.5%
ANZ overall on the result - positive economy growth remains in place, economy has begun 2018 reasonably well, and not (above) signal is slightly softer growth ahead.
--
- ANZ Heavy Traffic Index shows a strong contemporaneous relationship to GDP
- ANZ Light Traffic Index has a six month lead on activity as measured by GDP