NZ: Truckometer indexes eased in April - ANZ

Sharon Zollner, Senior Economist at ANZ, explains that NZ’s both ANZ Truckometer indexes eased in April, reversing lifts in March and such noise is typical of monthly indicators.  

Key Quotes

“The Heavy Traffic Index fell 1.8% m/m, while the Light Traffic Index fell 1.5% m/m.” 

“Despite the dip, the Heavy Traffic Index continues to trend solidly upward. The upward trend in the Light Traffic Index has been less definitive of late, suggesting patchier growth in store.”

“We expect growth to ease as 2017 rolls on. Capacity constraints are biting; getting skilled or unskilled employees is difficult. Credit is a bit harder to get. It’s not a bad thing – overheating can lead to engine problems.”