New statistics show British manufacturers having a weaker recovery than others in Europe

March 12, 2010 2:07 PM

A new release from Eurostat shows that industrial production across the eurozone rose by 1.7% in January.  In Britain, it fell by 0.3%.  That fits with a pattern in recent months of British industrial production having a weaker recovery than that in the eurozone, as is shown in the graph below.  This is more confirmation that we are having a weak recovery.  As I discussed earlier this week, the scale of the government debt crisis is hurting economic growth and spending cuts are needed to get the economy going again.

Industrial production, % change compared with previous month

Euindustrialproduction

A new release from Eurostat shows that industrial production across the eurozone rose by 1.7% in January.  In Britain, it fell by 0.3%.  That fits with a pattern in recent months of British industrial production having a weaker recovery than that in the eurozone, as is shown in the graph below.  This is more confirmation that we are having a weak recovery.  As I discussed earlier this week, the scale of the government debt crisis is hurting economic growth and spending cuts are needed to get the economy going again.

Industrial production, % change compared with previous month

Euindustrialproduction

Latest Blogs:

TaxPayers' Alliance Icon

Magna Carta - A Very English Tax Revolt

9:09 AM 26, Sep 2017 Daniel Pryor

TaxPayers' Alliance Icon

Who will defend the defenders?

12:03 PM 20, Sep 2017 Duncan Simpson

TaxPayers' Alliance Icon

What’s wrong with the all-ages graduate tax?

6:09 PM 18, Sep 2017 Jan Zeber

TaxPayers' Alliance Icon

Should taxpayers fund Zumba, facials and spas for the NHS?

4:02 PM 18, Sep 2017 Ben Ramanauskas