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New Zealand Light, Heavy Traffic Decline in April, Says ANZ Research

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Light traffic in New Zealand fell about 1.7% in April, signaling softer demand as higher fuel prices made people more wary of driving, ANZ Research said Tuesday.

The light traffic index, which tracks the movement of motorbikes, cars, and vans and is an indicator of consumer demand in the country, was still up 2.4% year on year despite declines in recent months.

The Heavy Traffic Index, which mainly tracks trucks and buses and is a marker of production activity, also fell by 1.2% during the month.

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