Toll Index December 2015 – crossing the finish line

The Ifo index dropped a bit but was reported upon in hysterical tone, and there are worries that the Schengen agreement may soon be in danger adding to transportation and trade costs  but the Toll Index ended the year 2015 on a high note. There may be trouble ahead but not much of it for now.

toll-index-dec-2015A link to our underlying paper in the Journal of Forecasting.