ANZ Truckometer, a proxy for New Zealand GDP, for October
‘Key points’ from ANZ:
– Heavy Traffic Index 1 lifted another 0.9% in October … Heavy Traffic Index suggests that Q3 GDP growth may be in a 0.5-1.0% q/q range , which would be a clear improvement on the lacklustre rates seen in the first half of this year. The strong October result is also a good start to Q4