Thursday, May 28, 2009

A Statistical Look At Europe

Click on all images for a larger image.

The following charts and graphs are from Eurostat:


The percentage change from previous quarters and the same quarter a year ago are all decreasing. Decreasing GDP means


Increasing unemployment, which leads to
Decreasing retail sales, which leads to

Declining industrial production.

And -- this scenario is leading to possible deflation. In the chart below I have blocked off the countries that look to be moving toward deflation: