Toll Index January 2015 – new all time high

German managers, although a bit worried due to Ukraine and Greece, appeared to believe in better economic days when the Ifo index came out a couple of days ago. The Toll Index out today by the IDSC of IZA (BAG data came with somewhat of a delay this February; Cologne carnival and all, I suppose…) and registered at an all-time-high for a January. Not surprising after a good December 2014. We expect that the BMWi will announce similarly strong Industrial Production numbers in a couple of weeks.

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More on the Toll Index at the website of the IDSC of IZA. Our Journal of Forecasting paper on the Toll Index.

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