EU industrial production tumbles – but UK doing much better than EU

Latest figures show the EU in decline

Germany is worst performer in EU – down 6.2%

Yesterday the EU released its latest figures for industrial production and they do not make for happy reading in Brussels, Berlin, or Dublin.

Brexit Facts4EU.Org Summary

Falling industrial output in the EU

Eurozone production fell by 2.6%
UK production fell by less than half this
German industrial output fell by 6.2%
Irish industrial output fell by 3.9%
UK industrial output fell by just 1.2%

Comparing this June’s results to June last year, industrial production in the Eurozone fell by 2.6%. Germany was the worst performer, seeing a fall of 6.2%. Ireland fell by 3.9%, whilst the UK saw a relatively modest fall of 1.2%.

Germany’s GDP goes “Negativ”

Adding to Germany’s woes, the German federal statistics agency, Destatis, announced yesterday that Germany’s GDP fell in the second quarter of this year. As Germany is the economic powerhouse of the EU, this is not a welcome sign in Brussels, particularly as Germany now faces the prospect of a further fall in exports to the UK after Brexit.

Ireland needs to worry about Brexit too

With the Dublin government seemingly immune to concerns about its stance over Brexit and its relationship with its largest trading partner (the UK), the fall of 3.9% compared to June last year is worrying. Even more worryingly, its industrial output fell by 8.8% compared to the previous month.

As a comparison, the UK’s production fell by just 0.1% compared to May.

Monthly comparison by main industrial grouping

In the euro area in June 2019, compared with May 2019, production of capital goods fell by 4.0%, non-durable consumer goods by 2.8%, durable consumer goods by 1.2%, intermediate goods by 0.8% and energy by 0.2%.

In the EU28, production of capital goods fell by 3.5%, non-durable consumer goods by 2.2%, durable consumer goods by 1.4%, intermediate goods by 0.9% and energy by 0.4%.

Annual comparison by main industrial grouping

In the euro area in June 2019, compared with June 2018, production of capital goods fell by 4.4%, intermediate goods by 2.6%, durable consumer goods by 1.0% and energy by 0.1%, while production of non-durable consumer goods rose by 0.1%.

In the EU28, production of capital goods fell by 3.7%, intermediate goods by 2.0% and durable consumer goods by 0.5%, while production of non-durable consumer goods rose by 0.2% and energy by 0.6%.

Observations

Brexit is fundamentally about sovereignty and democracy, not economic statistics.

The reason we bring readers economic information like that above is not because we enjoy analysing such things. We do it because organs like the BBC are fond of reporting prominently on anything remotely negative about the UK, but seldom report on anything negative about the EU – particularly when such news paints the UK in a more positive light.

The economic picture overall in the world is not rosy. Certainly the latest figures from the EU reinforce concerns generally.

In our view this highlights the prospects of a fully independent and sovereign United Kingdom outside the economic shackles of Brussels regulations and tariffs. Post-Brexit, the UK will be free to adapt and thrive, using every conceivable competitive advantage.

If the UK Government had signed the Withdrawal Agreement and Political Declaration, the UK’s fate would have been tied to the EU, with no possibility of responding to the global economic circumstances.

Roll on 31 October, “come what may, do or die”.

It's mid-August and many people are on holiday. Meanwhile we are working on a major initiative to push back against undemocratic MPs in Parliament, together with other Brexit organisations. We really need your support at this time. Quick and secure donation methods are below. If you can help it would be greatly appreciated. Thank you.

[ Sources: Eurostat | Destatis ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, 15 Aug 2019

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Reader Comments 8

1. Jon, Wales , Thursday, August 15, 2019, 07:13:

Excellent article which should wake up the EU27.
The more abuse we get from continental leaders and the Commission (who think they know best), only serves to harden our Brexit stance.
As for good-neighbourliness, the EU is not showing this to the UK? They prefer to do a free trade deal with Vietnam, for example.
This alone shows the EU wishes to 'punish' British people because we took a democratic decision in UK interests - and we're still a member of their corrupt club!
The ONLY reason they're bullying the UK is to deter others from leaving. Thing is, other EU members are waiting to follow the UK out.
We're taking OUR country back - we're not leaving the planet.
MPs do NOT have a mandate which allows our country to be governed by foreign bureaucrats. We're NOT a political satellite of the EU, and we cherish our hard won freedoms after two world wars.
We don't have to purchase EU product should they continue their abuse, and we can take holidays elsewhere. There's a whole world out there (though I concede there are some areas which are unsafe at this time).
Other countries rejected the EU but were forced to vote again because elites refused to accept democratic decisions taken by their respective electorates.
It's clear to see Germany is in trouble along with others, so the EU should be concerned because the UK is like nineteen smaller EU member countries leaving at once - yet they show us no respect? The commission needs to change its attitude.
The Republic of Ireland should be especially concerned. Varadkar has previously stated the UK is extremely important to them, so perhaps he should show just how important, and DUMP THE BACKSTOP?
The RoI is presently a puppet of the EU (and it's the commission pulling their strings)?
To the lily-livered MPs trying to subvert Brexit, I suggest you stop your fun and games as you look like a bunch of idiots (and that's being polite)! WE HAD A DEMOCRATIC PEOPLES VOTE, NOW DELIVER?

2. barbara jell , Thursday, August 15, 2019, 07:29:

The Times (Remain Central) has just published an article by the fanatical arch Remainer, Phillip Hammond, which contains more than one LIE, is very selective and is a ludicrous perpetuation of Project Fear. I shall be sending today's feature to the Times with a strong letter of objection asking them to publish these FACTS and also to Hammond himself, who is not only a dangerously deluded liar, but has been the subject of a recent petition asking that he be tried for Treason for conspiring with a foreign power with a view to bringing down his own Government. So, a liar AND a traitor!

3. Sydney Ashurst , Thursday, August 15, 2019, 09:25:

Hammond and the lie that no one voted for a no deal exit.
His speech in early 2016 at Chatham House: "Let’s look for a moment now at the default option – the World Trade Organization rules, which is where we will end up if we leave the EU without a deal agreed.
For anyone who wants to ensure a clean break with the EU, the WTO is the only honest model".

4. Adam Hiley , Thursday, August 15, 2019, 14:37:

with Grandpa Jeremy trying to force Himself onto us as Prime Minister with the help of the unliberal not Democrats, it is important that We back Boris to just pull this Country out of the EU immediately forget 31st October lets go if there is another election in 6 to 8 weeks time, We as a Country could use it to punish the Remoaners in Parliament especially the shifty Corbyn

5. Dachtied , Thursday, August 15, 2019, 19:17:

I could see a military coop if Corbyn actually got into power. I cant imagine our armed forces taking orders from such a traitor?

6. Regretting the loss of real conservatives , Friday, August 16, 2019, 10:04:

In the meantime: "TURKEY'S armed forces pension fund Ataer Holding has been confirmed as the buyer of British Steel......." I am sorry for this quote from the Express today, but from a Scunthorpe lad I have to express my sadness and deep disgust at the political establishment.
This under a Conservative government. The whole political class should hold their head in shame and explain to the rst of us why on earth British Steel cannot be saved like the Banks were! They disgust me.

7. Adam Hiley , Friday, August 16, 2019, 20:54:

forget the Brexit Party support the Union & Sovereignty Party or the Populist Party to replace traitorous Labour sooner rather than later the Remainer Political class will see civil unrest on a scale not seen since the Poll tax Riots this time an enraged Public

8. Steven , Saturday, August 17, 2019, 06:00:

Regretting the loss of real CONServatives, the Tories haven’t stepped-in to try and save British Steel or to help find a British buyer for it because they are economic GLOBALISTS/economic liberals/economic libertarians and this means they have a fervent belief in not intervening with regard to the ‘free market’ and the economy even if the firms in question are of strategic importance to the British economy!
They have the same beliefs nowdays in economic terms as Manchester Liberals did in the 19th Century. This despite the fact that in the 1930’s Tory governments of both Stanley Baldwin and Neville Chamberlain had no philosophical objection in intervening in the economy and even thought imposing tariffs on foreign competition to British companies was
was perfectly inline with natural Tory beliefs as indeed it was. It is hard now to believe that then the Tories were the party of BRITISH industry and BRITISH business.
Sadly, apart from some mild moves back to supporting government intervention in the economy by Corbyn’s Labour all three parties believe in this rabid economic globalism stance.
The Brexit Party does as well as did UKIP which was its biggest fault and helped ensure it didn’t really make the most of its possible potential.
The new British Union and Sovereignty Party does believe the government should take a more active economic stance and help protect strategic industries like steel.

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