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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.”