Wednesday, August 5, 2015

5/8/15: Irish Industrial Production Up Spazillion Percent on Quazillion Widgets

Why is it pointless to cover Irish economic data? Because of this!

Let's put this into perspective: in a modern economy with lean manufacturing and real-time supply chains, increasing volume of production in manufacturing by 30% in just 12 months is not feasible. But in Ireland, not only it is feasible, it is a reflection of moderation in the rate of growth on 1Q 2015:
Anyone who interprets these numbers as anything other than coming from the Theatre of Absurd is simply wasting their time and skills.

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