Toll Index – May 2013

The Toll Index says transportation activity in May 2013 improved both year on year and month on month if calendar is taken into account. Moreover this has been the best May after the crisis. May is one of two peaks in a year (the other being October). We are now headed to a seasonal slow down and it will be interesting to see how the August low will compare with past lows. The German economy continues to remain remarkably unaffected all things considered.

 

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