![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQwkNKdOBcpnyca6CNAQVPzmComagEUUezCPAliNeQC5nqSP7n9By2uVgiig7TrI_HTczkUNjFSmyeYTXOlpnvhRlh0qsNA_JRKfpjk6kEOsHksjmGI9vt7T3vYIzUnBf1KTQWlV0dEB3n/s400/Picture+1.png)
Let's look at geography:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhN1iXg48jfoToQNToziWhB2lPllEep-VJnvUKSMzmx-DuZbKuFhIznLM_uOiwOPXVStZ72M8bTnU_uNKJ_imT7ICT5BH7Mq2Fdnk549bmAum9YOoybSbsPAZr6JLJXO4tQyvY0pN-va-Fl/s400/Picture+2.png)
- Overall exports are declining faster in September than they were over the last 9 months
- Exports to Great Britain, EU overall, and Euro area are falling faster in September 2009 than over the first 9 months of 2009
- Exports to France are falling slower in September 2009 than over the first 9 months of 2009
- Exports to Germany, Italy, the Netherlands, Spain and Sweden are falling faster in September 2009 than over the first 9 months of 2009
- Exports to Australia, China, Japan, Switzerland, and the USA are significantly improving over September 2009 relative to the first 9 months of 2009 – a strange result, given these exports are subject to dollar – euro exchange rate fluctuations.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiS1h18E0WufilTYcK-HeeeGcqcC2E-vXTtr-BkIQTNOrjZVjPZvQTi-P7wjjxf2Zc7OVl85KzmGTzF7M7jgHeKOB_SqakLtdYPkRe-UcwxfzNi1n3kiD7MuWdsmCGG41tF_FrN-27H0ybv/s400/Picture+3.png)