Senin, 14 November 2011
The Fall of Greece: September 2011
economy
,
greece
,
industrial production
,
leading indicator
,
oecd
,
recession
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Industrial production is epically weak, consumer confidence has dropped off a cliff, business confidence is collapsing and the leading index is turning down fast dropping 0.3% since August and 5.76% below the level seen in September 2010.
For October (more timely data), consumer confidence collapsed 0.84% from September and dropped 1.95% below the level seen in August 2010 while business confidence plummeted 0.5% from September and slumping 0.88% below the level seen in October 2010.
Industrial production remains epically weak while jumping 11.05% between June and July 2011 (much less timely data) remaining near the lowest levels seen since the late 1990s.
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