European Industrial Production Has Accelerated to the Downside as It Did in the Spring of 2008

Eurostat reports that October industrial production (IP) in the euro area dropped sharply in October, and was down 6.0% in the euro-zone and 4.0% in the EU (17 and 27 countries, respectively).

Please go to the LINK and note the chart of IP since 2003.  It tracks that of the U.S. fairly closely.  It is [...]