Eurozone industrial production grows strongly

[pampango]

Source: BBC

Industrial production in the 16 countries that use the euro increased by much more than expected in January. The 1.7% growth between December and January was the largest monthly jump since Eurostat started producing the data in 1990.

The increase fuels hopes that the eurozone economy's recovery from recession is gathering pace.

Production of durable consumer goods, which includes items like cars, furniture and appliances, rose by 2%.

Factory output in January 2010 compared with January 2009 was 1.4% higher, which is the first year-on-year gain since April 2008. December's industrial performance was also revised up substantially to show a gain of 0.6% from November rather than a drop of 1.7%.



Read more: http://news.bbc.co.uk/2/hi/business/8564372.stm

[bemildred]

1. Apparently "socialism" is not all that much of a handicap. nt

[Lucky Luciano]

2. LOL - if those numbers were reported here, people would be screaming about

how the books are cooked!

European socialism is ok by me though. One still has a shot at being extremely successful if they want to be - and the poor don't get thrown down the gutter. Seems fair enough.

[bemildred]

3. Well, I think the point is that ideological notions about ownership

don't have that much to do with whether a business is well-run or not. Businesses are well-run when the people with authority are accountable for what they do and personally interested in having the business well-run. You can call that "Capitalism" or "Socialism" or "Communism" or whatever else you like, the name is not what matters.