ANZ Truckometer

The ANZ Truckometer is a set of two economic indicators derived using traffic volume data from around the country. Traffic flows are a real time and real-world proxy for economic activity - particularly for the New Zealand economy, where a large proportion of freight is moved by road. It represents an extremely timely barometer of economic momentum. The ANZ Heavy Traffic Index shows a strong contemporaneous relationship to GDP, while the ANZ Light Traffic Index has a six month lead on activity as measured by GDP. Using statistical techniques we optimise the ANZ Truckometer indexes to map to quarterly GDP growth.

For archived articles or any information on how ANZ can support your business, email nzeconomics@anz.com.

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