The fall of Greece: August 2011
Industrial production plunged 3.97 percent between May and June 2011, and consumer confidence remains low
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.
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