ANZ Truckometer - MIXED MESSAGES
· The ANZ Truckometer indexes lifted in August.
· The Heavy Traffic Index rose 1.1% m/m and annual growth continues to lift. The Light Traffic Index lifted 0.9% m/m with annual growth broadly steady.
· Q2 GDP is due for release later this month but eyes have already turned to the outlook for Q3. Earlier weakness in the Light Traffic Index is consistent with the economy losing momentum in the near term, but with two of three months in, the Heavy Traffic Index is looking supportive.Go here read the full report.