Toll Index June 2016 – new record

The outcome of the Brexit referendum, the terror act in Nice France and the failed military coup in Turkey create a sub-optimal backdrop for economic activity and they will probably at some point weigh in the equation. This is for now not the case however. Although we are in the summertime seasonal descent of transportation activity, which will bottom out in August, this June is a record month and hints at good times in industrial production.