Thursday, August 14, 2014

14/8/2014: Euro Area Industrial Production H2 2014

With stagnant GDP and falling inflation, Euro area is set back into the rot of economic crisis, not that you'd notice as much from the Eurostat headline lauding 'stable' GDP print.

Here is the chart showing the miserable performance of the euro area's industrial production from end-June 2011 through 2014:

A message to Brussels: keep digging, folks...

And here's the same story in terms of average year-on-year growth rates for the last 3 years:

And the last 12 months:

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