another round of good numbers.
same RR traffic for N. Am. is up 7% for oct. most things are positive, the only thing that is down in a big way was the auto sector. lumber is flat.
the aussies have a nice rise in traffic. but the figures are strange, most categories are either up big or down big. but intermodal (which may reflect finished goods consumption) is up just under 3%.
in europe, traffic is up only 1.7% ; & yes, this seems to be consistent with anemic growth in the euro zone.
so just an observation here, but growth in the u.s. is much better, but europe, not so good. the main difference is that the u.s. has had tax cuts, but no tax cuts for the general euro zone.
yes, i know this may be a contentious issue for economists... just how much the tax cuts have had an effect on economic growth.
Thanks bear!
yes,thanks bear.
the aussie employment numbers beat big tonite.
And the RR numbers back that up.
Do you generally see positive correlations with those RR figures and econ levels of the countries concerned even if its a lagging indicator?
John
I consider raw material traffic to be a real time indicator. (not leading or lagging).
Ah, that makes sense bear.
Raw materials/trains/a "to be done" thing
John