NZ: Truckometer indexes lifted in October - ANZ

Sandeep Kanihama FXStreet Contributor

The ANZ Truckometer indexes of New Zealand lifted in October, notes the research team at ANZ.

Key Quotes

“The Heavy Traffic Index bounced back 4.6% m/m after a soft September quarter. The Light Traffic Index, which gives a 6 month lead on the broader economy, rose 0.4% m/m, with annual growth continuing to slow as the trend flattens off somewhat.”

“The Truckometer indexes are sending a soft signal for Q3, but the bounce-back in the October month is more promising.”

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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