Toll Index – June 2013

In May German Industrial Production and new orders all went down (follow tweets below). Transportation did not. As far as transportation goes the new Toll Index shows that June was a good month as well, the best since at least June of 2007. I know orders from the EU are down, China is slowing down (at least the second derivative of production is negative…) but trucks are busy this May and June. They must be transporting something…

 

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