Toll Index July 2015 – high above the rest

The BAG took its time publishing the July report this time a probable sign of a seasonal personnel shortage. The Toll Index for the month of July, just published by the IDSC of IZA exhibited a seasonally expected slow down month on month as well but kept well above all other years for the month hitting an all time monthly high. We expect similarly good news by the BMWi early next month when they announce first estimates of Industrial Production for the month of July.

Toll Index July 2015

Data available at the IDSC of IZA and a link to our underlying paper in the Journal of Forecasting.