NZ: Truckometer index is losing traction – ANZ
|Analysts at ANZ note that in September, the Light Traffic Index fell 0.3% m/m while the Heavy Traffic rose 2.4% m/m for New Zealand, in only a partial bounce-back from last month’s fall.
Key Quotes
“Annual growth in the Light Traffic Index held steady in the month but remains in a trend decline, suggesting economic growth is going to continue to wane for a while yet.”
“The Heavy Traffic Index has had its weakest quarterly growth in 7 years, suggesting GDP growth will be weak in Q3.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.