Tuesday, December 20, 2011

Eurozone Construction Output Falling

As of October.  However, in fairness, that last little jog down is no bigger than similar jogs down in Jan 2010 and at the beginning of 2011 - and those proved to be transitory.  So, while this is consistent with other indicators that the Eurozone is in the early stages of a new recession, it is considerably short of conclusive proof.

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