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Senin, 14 November 2011

The Fall of Greece: September 2011

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Looking at the most recent OECD economic indicators, Greece makes by far the weakest showing in all the Eurozone as it continues to plod through tremendously difficult economic times.

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.




Senin, 12 September 2011

The Fall of Greece: July 2011

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Looking at the most recent OECD economic indicators, Greece makes by far the weakest showing in all the Eurozone as it continues to plod through tremendously difficult economic times.

Industrial production is collapsing further into severe contraction territory, consumer confidence remains distressed, business confidence remains depressed and the leading index is turning down fast dropping 0.4% since June and 6.84% below the level seen in July 2010.

For August (more timely data), consumer confidence rose a meager 0.18% from July but dropped 5.17% below the level seen in August 2010 while business confidence increased a slight 0.28% from July climbing 0.86% above the level seen in August 2010.

Industrial production remains epically weak plunging a stunning 3.97% between May and June 2011 (less timely data) remaining near the lowest levels seen since the late 1990s.




Senin, 11 Juli 2011

The Fall of Greece: May 2011

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Looking at the most recent OECD economic indicators, Greece makes by far the weakest showing in all the Eurozone as it continues to plod through tremendously difficult economic times.

Industrial production remains in severe contraction territory, consumer confidence has fallen off a cliff, business confidence is clearly depressed and the leading index is turning down fast dropping 0.51% since April and 6.54% below the level seen in May 2010.

For June (more timely data), consumer confidence declined a whopping 0.59% from May and dropped 1.23% below the level seen in June 2010 while business confidence declined 0.49% from May remaining 0.49% above the level seen in June 2010.

Industrial production remains epically weak plunging 1.21% between February and March 2011 (less timely data) remaining near the lowest levels seen since the late 1990s.




Rabu, 15 Juni 2011

The Fall of Greece: April 2011

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Looking at the most recent OECD economic indicators, Greece makes by far the weakest showing in all the Eurozone as it continues to plod through tremendously difficult economic times.

Industrial production remains in severe contraction territory, consumer confidence has fallen off a cliff, business confidence is clearly depressed and the leading index is turning down fast dropping 0.66% since March and 6.36% below the level seen in April 2010.

For May (more timely data), consumer confidence declined 0.04% from April and dropped 0.69% below the level seen in May 2010 while business confidence declined notably from April dropping 0.47% but remaining 0.86% above the level seen in May 2010.

Industrial production remains epically weak plunging 1.21% between February and March 2011 (less timely data) remaining near the lowest levels seen since the late 1990s.




Senin, 09 Mei 2011

The Fall of Greece: March 2011

Tidak ada komentar :
Looking at the most recent OECD economic indicators, Greece makes by far the weakest showing in all the Eurozone as it continues to plod through difficult economic times.

Industrial production remains in severe contraction territory, consumer has fallen off a cliff, business confidence though trending up is clearly depressed and the leading index is turning down fast dropping 0.43% since January (delayed data) and 6.44% below the level seen in February 2010.

For April (more timely data), consumer confidence declined 0.09% from March and dropped 1.32% below the level seen in April 2010 while business confidence declined notably from March dropping 0.67% but remaining 0.97% above the level seen in April 2010.

Industrial production remains weak but jumped 0.75% between November and December 2010 (much less timely data) remaining near the lowest levels seen since the late 1990s.