Toll Index – March 2013

The Toll Index in 2013 just published by the IDSC of IZA shows that transportation activity increased in March compared to February but decreased compared to March of last year. The year on year drop is more than explained by the difference in working days (20 this year to 22 last year) so that both month on month and year on year we see a solid increase in the number of heavy trucks crossing the German borders indicating German Production is doing well.

This contrasts with other signs like the ZEW index and dwindling car sales.