WHERE THE RUBBER HITS THE ROAD

  • 08 Mar



Key Points

· The ANZ Truckometer Heavy Traffic Index fell 2.5% m/m in February, unwinding some of its January lift (seasonally adjusted) but nonetheless suggesting a reasonable start to the year (charts are 3-month average).

· On the other hand, the Light Traffic Index eased a further 0.2% m/m, which, while small, was its third consecutive fall. On the face of it, this index is giving a decidedly softer signal for growth from mid-year.

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