Eurozone Industrial Production Slumps Second Month in a Row

Three smug eurocrats have been gloating about Brexit and the Tory leadership race in a Sky News segment which Sky have inexplicably been playing on repeat all day. Not exactly news.

They won’t be as smug when they see the latest Eurozone industrial figures. Industrial production fell 0.5% in April on top of a 0.4% drop in March. Dragging every other country down was Germany which saw its industrial production plummet by 2.3% – almost five times faster than the Eurozone as a whole. Brussels’ Brexit bluster is going to start looking pretty hollow if the Eurozone’s economic woes keep getting worse like this…

mdi-timer 13 June 2019 @ 16:39 13 Jun 2019 @ 16:39 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
UK Manufacturing Sector Smashes Expectations, Eurozone Worst in 6 Years

The latest manufacturing PMI figures are out and it’s more grim reading for Merkel and Macron with the Eurozone’s index falling to 47.5 in March – firmly in contraction territory and the lowest level since April 2013. Germany is rapidly becoming the sick man of Europe, its reading of 44.1 is the worst since the crisis days of 2012…

Meanwhile the UK’s own manufacturing index has surged to a 14-month high of 55.1, coming in far ahead of the forecast of 51.2. The UK could even consider giving the EU a trade deal, if they ask nicely…

mdi-timer 1 April 2019 @ 13:30 1 Apr 2019 @ 13:30 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Eurozone Suffers Worst Manufacturing Slump Since 2013

The Eurozone’s economic slide continues with the latest manufacturing index figures showing the steepest contraction in manufacturing since June 2013. February’s PMI figures showed a fall to 49.3 (anything below 50 indicates contraction), the lowest level since June 2013, with new orders at their lowest since April 2013 and export orders at their lowest level in over six years. Germany’s performance was particularly poor on 47.6 – the wurst in 74 months…

The bottom line is that the EU increasingly cannot afford to have no deal. Eurocrats are panicking about legal chaos if the UK’s membership is extended beyond the European Parliament elections, the UK’s seats have already been allocated to other countries so the EU isn’t just braced for lawsuits from the UK, it may also have to face several from the likes of the German Vegetarians Party. The only thing still allowing the EU to stick to its intransigent position is the fact that UK Parliament is doing all their dirty work for them…

mdi-timer 1 March 2019 @ 15:41 1 Mar 2019 @ 15:41 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Eurozone Industrial Production Plunges Even Faster than Expected

Just days after the European Commission slashed the Eurozone’s growth forecasts for 2019, the Eurozone’s economic prospects took another blow with the latest industrial production data showing even sharper declines than predicted. Eurostat’s December data found a 0.9% month-on-month decline in industrial output for the Eurozone. Economists had only predicted a 0.4% fall…

This translates to a whopping 4.2% year-on-year decline, significantly worse than the 3.2% predicted. Yet Remainers are still desperate to shackle the UK to an economic bloc with severe structural flaws and in long-term decline…

mdi-timer 13 February 2019 @ 16:43 13 Feb 2019 @ 16:43 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Investor Confidence in Eurozone Plummets to Four-Year Low

Investor confidence has plummeted to a four-year low in the Eurozone, with a sixth consecutive monthly fall in the Sentix index taking it to its lowest level since November 2014. Sentix said Eurozone growth was “weaking dangerously quickly and strongly.” Meanwhile Germany’s investor morale dropped to its lowest level since August 2012 in a separate index as it teeters on the brink of recession

Naturally Brexit is being blamed, despite the UK currently having higher investor confidence and the fastest growing European economy in the G7. It’s one thing for underperforming companies to use Brexit as an excuse for their poor results. It’s quite another for underperforming EU countries to use it as an excuse for why they’re doing worse than the UK…

mdi-timer 5 February 2019 @ 10:57 5 Feb 2019 @ 10:57 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Italy In Recession, Eurozone Stalling, Britain Growing

The Italian National Institute of Statistics has confirmed that Italy is now in recession. In the final two quarters of 2018, the Italian economy shrank by 0.1% and then 0.2% respectively, and the Italian Prime Minister has stated that he expects the recession to continue this year. Things are getting worse…

Growth for the Eurozone as a whole sat at just 0.2% in the last quarter of 2018, half the speed of UK growth. Despite Brexit…

mdi-timer 31 January 2019 @ 10:40 31 Jan 2019 @ 10:40 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments