NZ: Economy shedding a bit of momentum - ANZ

The ANZ Truckometer suggests that the New Zealand economy is shedding a bit of momentum, but that the growth engine hasn’t completely run out of fuel.

Key Quotes

“The Heavy Traffic Index fell 1.5% m/m in June, but annual growth has recovered over Q2.”

“The Light Traffic Index lifted 0.7% m/m, but annual growth remains soft, suggesting the economy is navigating some headwinds.”