Sunday, June 14, 2009

BBC NEWS | Business | Eurozone production's record fall



Industrial production in the 16 states that use the euro fell a record 21.6% in April, compared with the same month last year, according to Eurostat.

It was worse than had been expected and followed March's figure of 19.3%. The month-on-month fall was 1.9%.

The figures contrast with the latest UK production data, which showed a monthly rise for the first time in more than a year during April.

Japan's production grew 5.9% in April compared with March's figure.


BBC NEWS | Business | Eurozone production's record fall

So would you think the UK government would get some credit for keeping the UK out of the full impact of the recession to hit the EU despite having a larger exposure to banking?  If you said "Yes" you don't know the UK.
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