NZ: Truckometer indexes bounced in January – ANZ

Sandeep Kanihama FXStreet Contributor

New Zealand’s ANZ Truckometer indexes bounced in January, but the lift in the Heavy Traffic Index in particular was half-hearted, notes the research team at ANZ.

Key Quotes

“Time will tell if it’s just a pothole or something more meaningful.”

“The Heavy Traffic Index rose 3.5% m/m, regaining around half its falls in the preceding two months. It is suggesting modest Q4 GDP growth.”

“The Light Traffic Index bounced 2.2% m/m, but the trend suggests waning momentum.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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