New Zealand’s heavy traffic volumes increased in June, signalling continued strength in freight activity and production despite a slight decline in light vehicle movements.
ANZ’s latest Truckometer data shows the heavy traffic rose 1.8% during the month and was up 1.3% compared with June last year. In contrast, light traffic fell 0.5% in June and was down 0.4% year-on-year.
Recent weakness in light traffic is likely to reflect motorists cutting back on driving in response to higher fuel prices, although the trend could reverse as fuel prices ease.
The June increase in heavy traffic data continues the upward trend, suggesting freight demand and economic production remain resilient despite softer light traffic.
