Heavy traffic index up 2.5% on the month, the light traffic index up 0.1% m/m
ANZ is not impressed:
- annual growth in both remains tepid
- GDP growth to remain unimpressive
- traffic indexes are far from ringing alarm bells ona recession
RBNZ meet tomorrow:
RBNZ 'shadow board' are divided on where cash rate should be, 'increased skew towards a higher OCR'
