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.

2022 editions

May 2022: On the road again (PDF 404KB)
The Light Traffic Index jumped 8.3% in April, while the Heavy Traffic rose 2.3%. The data is consistent with rebounding movement of both people and goods as the impact of the Omicron outbreak wanes.

April 2022: Hunkering down (PDF 408KB)
The Light Traffic Index fell 1.8% in March, while the Heavy Traffic rose 1.8%. The data is consistent with people reducing their movement as the Omicron wave spread throughout New Zealand over the month.

March 2022: Gradually normalising (PDF 408KB)
The Light Traffic Index rose 4.4% in February, while the Heavy Traffic rose 1.4%. COVID disruptions are likely to continue to cause volatility in both traffic data and economic activity.

February 2022: Steady start to the year (PDF 412KB)
The Light Traffic Index lifted 0.9% in January, while the Heavy Traffic fell 0.5%. COVID disruptions are likely to continue to cause volatility in both traffic data and economic activity.

January 2022: A window of relative normality (PDF 388KB)
The Light Traffic Index lifted 15.7% in December as the Auckland border opened, while the Heavy Traffic eased 0.6% m/m. COVID disruptions are likely to continue to cause volatility in both traffic data and economic activity.