The ANZ Truckometer heavy traffic index was up 2.7% month-on-month in April and is up 1.7% versus a year ago.
Meanwhile, the light traffic index lifted 0.6% in April and is unchanged versus a year ago.
“The trend in light traffic is mildly upward over recent months,” ANZ chief economist Sharon Zollner says.
“In per capita terms, light traffic has flattened out after a sharp drop, like GDP.”
“The [heavy traffic index] lifted and is trending higher, suggesting the economic recovery continues.
“The per capita HTI is also trending higher after a sharp fall in the middle of last year coinciding with recession in the GDP data,” she says.
