10 Oct 2013

Heavy traffic index points to strong September quarter

7:33 pm on 10 October 2013

An index which uses traffic volumes to measure economic growth is pointing to a particularly strong September quarter for the country.

ANZ bank's Heavy Traffic Index fell a seasonally adjusted 0.9% last month, however it completed a strong quarter.

ANZ senior economist Sharon Zollner says this bodes well for the economy's near-term growth prospects.

She says it suggests the third quarter will be strong.