Thursday, November 15, 2012

EU-IP

Bleak, bleak, bleak. 

September's Industrial Production numbers (excluding construction) are worse for the Euro Area. One line is the EU 15 and the other is the broadest EU-27, both dropped a good couple of points from last month. The data is seasonally adjusted and a simple percentage corresponding to the IP index value the previous year.



It's only since the beginning of last year though, might this get even worse?


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