SnapSTAT - GDP indicators: Cement, used cars & tractorsFriday 15 Aug 2025  Cement, used cars & tractors. They didn’t walk into a bar like a dad-joke, but they do illustrate the state of NZ's economy currently. Today's chart shows the trend series for each on a per capita basis, indexed to 2000 for easy comparison. Readymix concrete (mixture of cement and aggregates) is a good indicator of construction activity (used for foundations for homes to bridges). It is currently not that far off the lows of the GFC. It's pretty tough. But there are some encouraging signs of a bottom on leading indicators like building consents.  Source: Shamubeel Eaqub, Simplicity |
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