I just happened to see these two charts back-to-back this morning, so here they are in one spot. The first shows that industrial production in Europe is continuing a steep decline. The second shows that industrial orders have picked up a bit after a big fall in September. So which is more important? More informative? More predictive? Is Europe crashing or is Europe stabilizing a bit after a scary spell last year? Is the difference an artifact of a decline in exports? Exchange rate woes? Something else? As usual, it would be great if we just had another few months of data. It always is.
Industrial Production in Europe is Either in Freefall or It’s Not
We Recommend
-
Sponsored Post
Navigating Farm and Ranch Transfers to a New Generation