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To: Worldtraveler once upon a time

Going back, my initial comment was about EU manufacturing performance, which is overall substantially up from pre-Covid and not notably down from 2022. The response I got was anecdotal. I responded anecdotally.

If you want to go to stats, let’s. Some of the stories you are posting, BTW, are 2022 forecasts, not 2023 actuals.


107 posted on 07/18/2023 3:43:26 AM PDT by buwaya (Strategic imperatives )
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To: buwaya
Citations can be amusing....

"Industrial production down by 4.1% in the euro area and by 3.6% in the EU" --- from March 2023 compared with February 2023

Published: 15 May 2023 ACTUAL

Source: https://ec.europa.eu/eurostat/documents/2995521/16668118/4-15052023-AP-EN.pdf/0d316a04-67f0-8640-962f-f125cf05a8f9

And then your source: "Industrial production up by 0.2% in the euro area and by 0.1% in the EU" --- 13 July 2023

The disparity? Because these reports are "March 2023 compared with February 2023" and "May 2023 compared with April 2023." They are comparative to last year. And so up and down and up and down. One reads under the "up" headline, "Down by 2.2% in the euro area and by 1.8% in the EU compared with May 2022."

Reading closely, "In May 2023 compared with May 2022, industrial production decreased by 2.2% in the euro area and by 1.8% in the EU." And then from the other Eurostat: "In March 2023 compared with March 2022, industrial production decreased by 1.4% in the euro area and by 1.3% in the EU."

112 posted on 07/18/2023 4:04:07 AM PDT by Worldtraveler once upon a time (Degrow government)
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