Up half a percent in February - that's the second half decent month in a row. Hmmm...
Thursday, April 12, 2012
European Industrial Production
Up half a percent in February - that's the second half decent month in a row. Hmmm...
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3 comments:
Actually if you take a look at the country numbers, the increase is due to a very large increase in energy production in the Netherlands. All other goods categories and most countries are in the red.
Stuart,
I believe the small increase is mainly a result of the ECB´s LTRO, European Central Bank Long Term Refinancing Operation. This means that the banks in the Euro zone can borrow indefinite amounts to only 1 % interest rate. It will in a longer term probably just lead to inflation and new debt problems.
Do any of the euro countries have any sort of employment increases?
What do you mean exactly by this being a result of being able to borrow at 1%? Is this being translated into some real production of a physical good or activity? Or just someone being able to move 1's and 0's around in a computer?
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