Chart Of The Day

Rail Traffic: Still Chugging Along

Just catching up on an update from last week. Β The latest rail data showed a continued downward trend in momentum, but coming off of very strong weekly readings over the last 2 months.

The current 12 week moving average is down to 7.2% which is well off the highs of 9.4% from early June.

If rail is an indicator of broader macro trends then this continues to point to a strong Q2 rebound in economic growth.