Monday, December 10, 2012

Europe Still Slowly Sinking

A quick round-up of some European stats. Above is the unemployment rate which continues to steadily worsen (through October). Then there's retail sales:

October was a bad month and it continues a downward trend since mid 2010.

Next is GDP, down in Q3 as it was in Q2:

Finally industrial production has also been trending down (data only through September):

Makes US economic stats look positively cheery, doesn't it?


Michael R said...

Well, at least there isn't a problem with inflation eroding the real value of balance sheet assets for European investors and financial institutions.

Just imagine what a disaster that would be.

Not quite there said...

Yeh, a millionaire not being to buy another yacht. That's much worse than a million people not eating right.