The Toll Index for February shows a generally reduced transportation activity in the month of February, both compared to January 2013 and to February of last year. The calendar however, more than accounts for this drop so that in February, per working day, we have gains in transportation activity both month on month and year on year. There were 20, 21 and 22 working days in February 2013, February 2012 and January 2013 respectively representing a 9.5% drop year on year and and 4.76% month on month. In comparison outbound transportation activity dropped by only 2.3% and .7% month on month and year on year respectively clearly a month not to be unhappy about at the BMWi. If you are asking yourself who is buying the exports in this generally recessionary Eurozone, you are not alone.
April 6: Industrial Production in good shape indeed.