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