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.

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  • 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