Analysts at ANZ level out that New Zealand’s ANZ Truckometer indexes weakened markedly in December, with falls in seasonally adjusted visitors flows on almost all roads used within the two indexes.
“The Heavy Site visitors Index fell four.1% m/m on prime of a 2.three% fall in November. It’s now suggesting modest This autumn GDP development. The Mild Site visitors Index fell 1.9% m/m, with current reads according to the economic system shedding momentum.”
“The information is risky, significantly the Heavy Site visitors Index, and it’s too quickly to name a change in development. However the Truckometer indexes are actually clearly flashing warning lights a few slower development path for the New Zealand economic system.”