Monday, August 6, 2012

The European Slowdown

Asia in not the only region which is slowing down.  The EU is also grinding lower as the following information shows.

First, the overall business climate indicator is dropping:

Notice that this figure has been dropping for several years, rising only briefly at the beginning of the year.

Also note that economic sentiment indicator is also dropping:

Unemployment is rising:

And manufacturing is slowing down:

As a result, we're seeing slowing growth across the region: