Thursday, March 5, 2009

Startling collapse - manufacturing

The Economist reports some startling numbers on the collapse of manufacturing which has followed (though is far from exclusively caused by) the credit crunch:

  • German machine tool manufactures 40% lower than a year ago
  • 9,000 Chinese toy exporters closed through insolvency
  • cars assembled in U.S. 60,000 fewer than a year ago
  • U.S. annualised industrial production down 13.8%
  • U.K. annualised industrial production down  16.4%

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