From the Hellenic Statistical Authority:
The numbers, from the report:
The increase of the Overall Turnover Index in Industry by 0.2% in August 2016, compared with the corresponding index in August 2015, was due to the annual changes as following:
By Industrial Sections
- Mining and quarrying turnover increased by 2.0%.
- Manufacturing turnover increased by 0.2%.
In addition, the increase of the Turnover Index in Industry by 0.2% in August 2016, compared with August 2015,was due to the annual changes of the indices of the markets as following:
- The Turnover Index in Industry for the domestic market increased by 6.6%.
- The Turnover Index in Industry for the non-domestic market decreased by 8.7%.
The decrease of the Turnover Index in Industry for the non-domestic market by 8.7% in August 2016, compared with August 2015, was due to the annual changes as following:
- The Turnover Index in Industry for the Eurozone countries decreased by 21.3%.
- The Turnover Index in Industry for the non-Eurozone countries decreased by 1.6%.
Just as the rich are getting richer while the rest of us stagnate, so too the richer economies are getting richer while the poorer economies can’t keep up.
From the Yomiuri Shimbun:
A look at funds being illegally siphoned out of nations in the Second and Third Worlds by folks ranging from plutocrats and crime lords to banksters and mere common criminals. From Global Financial Integrity:
Following up on our previous post, there’s this from the International Monetary Fund’s World Economic Outlook — October 2016:
A stark picture of the collapse of global trade from World Economic Outlook — October 2016:
Things are not looking good in Japan as the economy stagnates, the declining population rapidly ages, and many of its young people have lost interest in sex.
And now the International Monetary Fund’s second-ranking official is warning that Japan’s economy, and that of the world, is poised on the brink.
International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan’s new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fragile economic recovery.
Lipton also shrugged off the view that monetary policy was nearing its limit as a means to revive economies across the globe, stressing that central banks must be open to new ideas to help spur growth.
“Central banks have to always be ready to do whatever they can based on the realities they face,” Lipton told Reuters on Saturday. “The BOJ has been an example of imaginative approaches.”
The BOJ last month switched its policy target to interest rates from the pace of money printing, after years of massive asset purchases failed to jolt the economy out of stagnation.
The rich get even richer while the rest of us grow poorer.