ANZ Truckometer indicator looking good
Wednesday 18 Dec 2019In November, the Light Traffic Index rose 1.2% m/m, busting out of its recent plateau. The Heavy Traffic fell 1.5% m/m, but this follows two strong monthly increases.
Annual growth in both indexes is lifting off low levels. It suggests annual GDP growth is going to continue to be unimpressive for a while yet. But things are looking better in a momentum sense.
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