The ANZ Truckometer shows the heavy traffic index rose 2.4% month-on-month in February while the light traffic index lifted 2.5% for the month.
On a year-on-year basis, heavy traffic was up 2.4% while light traffic saw its strongest annual growth in three years, up 4.5%.
“Light traffic has lifted strongly in the last few months, and is higher in per capita terms as well, using ANZ population forecasts, boding well for economic activity in coming months,” ANZ chief economist Sharon Zollner says.
“Heavy traffic data, mostly trucks, but also buses, tends to provide a steer on production GDP in real time.
“The [heavy traffic index] is also trending higher, albeit in a more volatile fashion, and also suggests things are normalising after a dip in mid-2025,” Zollner says.
