Toll Index in May 2012

The Toll Index continues on a negative year on year trend in May for a straight third time in a row. The average of the four Toll Index components lost 5.9% compared to May 2011 after losing 1.9% in March and 3.5% in April. It looks like the German economy continues to slow down due in all likelihood to continent-wide austerity and generalized uncertainty about the euro zone crisis.

More on the IDSC of IZA homepage.

This entry was posted in crisis, data, nowcasting, technology and tagged , , , , , , , . Bookmark the permalink.