Indicators show Greek economy is weakest in Eurozone
Industrial production, consumer confidence, and business confidence are all in bad shape.
Writer, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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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 0.35% since November and 6.95% below the level seen in December 2009.
For December, consumer confidence declined 0.33% from November dropping 5.88% below the level seen in December 2009 while business confidence increased from November and remained 0.68% above the level seen in December 2009.
Industrial production remains weak but jumped a whopping 5.25% since September (much less timely data) remaining near the lowest levels seen since the late 1990s.
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