EXCLUSIVE: Coronavirus hammers EU’s industry, dramatic falls in output

UK’s industry fares far better by comparison

Latest EU figures show how right the UK was not to join the Euro - and to leave the EU

For the EU, the figures released by its statistics agency yesterday make for very grim reading.

They show by how much the industrial output of the EU plummeted in March – both in comparison to February and also in comparison to March last year. Whichever way the EU tries to spin this, the results are simply shocking.

Conversely, the UK fares far, far better even though the falls are still sobering.

Brexit Facts4EU.Org Summary

Some of the EU’s falls in production and manufacturing are breathtaking

Below are the results for the Euro Zone compared to the UK, comparing March to February

-26.3% fall in Eurozone production of durable consumer goods (UK down by only 3.9%)
-15.9% fall in Eurozone production of capital goods (UK down by only 10.2%)
-11.0% fall in Eurozone production of intermediate goods (UK down by only 3.6%)

Among Member States for which data are available, the largest decreases in overall industrial production were registered in :

Italy (-28.4%)
Slovakia (-20.3%)
France (-16.4%)

France and Italy - now the no.2 and no3 economies in the EU27 after Brexit
- being in the worst 3 EU economies for falls in production

Sources: Eurostat (official EU statistics agency) and the UK’s ONS ( the Office for National Statistics)
Note for Remoaner-Rejoiners: In the report yesterday the EU compared March to February, and so we did the same for the UK. Even if you compare March 2020 to March 2019, the EU still comes off far worse. And yes, we showed the Eurozone because the EU statistics agency always headlines on this. The figures are really bad for the entire EU27 as well – we checked.

EU’s overall industrial output is in freefall

Overall industrial production includes a large variety of economic activities, from manufacturing washing machines to quarrying for minerals.

In March 2020 compared with March 2019, overall industrial production decreased by 8.2% in the United Kingdom. This fall is severe, but it is more than a third smaller than the average falls they have suffered in the Eurozone.

Observations

The figures that many financial observers will be looking out for will come next month, when the true effects of the Coronavirus measures on society and business are truly felt.

That said, the figures released by the EU yesterday should surely be a major wake-up call for governments across the EU – and for Ministers in the United Kingdom.

Production numbers are not the most scintillating topic for an article – we know that – but if people aren’t going to work and if economies aren’t producing then they collapse. That is what has been happening.

In amongst all of this the EU Commission has been floundering. Despite this, Remoaner-Rejoiners continue to try to thwart Brexit on a daily basis. Readers only have to read Hansard to see what has been going on in the Commons and in the Lords. We also read the articles in some of the mainstream media designed to soften up the public for an extension to the Transition Period.

This appalling and anti-democratic behaviour must be resisted at all costs. If you believe in free speech, in a free and independent United Kingdom, and in the delivery of a full, clean Brexit by the end of this year, please support our work today with a donation. Quick and secure methods are below and you’ll receive a nice email from a member of our team thanking you!

[ Sources: EU Commission official statistics agency (Eurostat) | UK Office for National Statistics ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Thur 14 May 2020

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Reader Comments 14

1. Sue W , Thursday, May 14, 2020, 07:45:

We could have been one of the richest countries without the decades of mis-management...!!!🤔🙄

2. Simon JR B , Thursday, May 14, 2020, 07:58:

Britain is the 2nd most indebted nation in the world.
We need to figure out when we are gonna sell to pay off our massive debt

3. Dorset Patriot , Thursday, May 14, 2020, 12:02:

The nation wreckers were given free rein and are being allowed to continue - only the british people can save the british nation by them acknowledging what has been going on and by rising up to challenge the current order of things.

4. Dorset Patriot , Thursday, May 14, 2020, 12:13:

The problem is everyone "has their price" or so it seems.
We need people with backbone who cannot be bought.

5. One eyed king , Thursday, May 14, 2020, 13:29:

To turn a crisis into a profit is a cornerstone of business management. That being said we are truly at a crossroads. Continuance of apathy buying poorly manufactured products at price point, or we can force government grants to fund co operative manufacturing of products which last. Buying British was once considered to be equal with assurance of quality. You the people should be able to see that withdrawal of labour can tame the beast. Ghandi understood this perfectly, and still is the only human to ever to defeat the machine. You will not have the opportunity again. Sold out from within. Voting for brexit is the first bit of awareness of situation I have seen in Britain in my lifetime. Hold the line,

6. Steve H , Friday, May 15, 2020, 12:03:

Once again, an article from this misinformation site is distorting the facts to suit its own agenda.
The reason industrial output fell much more in the EU than in the UK between February and March is because the lockdowns in Europe started much earlier than in the UK. Italy closed its economy on 9th March, with the rest of the EU following soon after. It was not until 23rd March that the UK entered lockdown. Thus it is blindingly obvious to anyone with a brain why there is a big difference in the figures.

7. Not4EU, London , Friday, May 15, 2020, 13:34:

6. Steve H.
Really? I think that you'll find that > 50% of EU members either locked down at the same time or later than the UK or not at all, including the EU's powerhouse Germany.
EU countries that locked down at the same point as the UK:
Germany
Romania
Greece
The Netherlands
EU countries that locked down after the UK:
Estonia
Lithuania
Ireland
Poland
Cyprus
EU countries that have not locked down:
Finland
Sweden
Latvia
Hungary
Malta
As a BDS sufferer, I've ensured that the data comes from the EU virus ridden anti-BBC, just for you.
https://www.bbc.com/news/wo...

8. Stevie Wonder , Friday, May 15, 2020, 14:08:

Not4EU thank you for your great summary I enjoyed it! :)
As for Steve H, it might be wasted on him. It's unlikely he can grasp or process real data or facts. He's somebody who only uses quantitative concepts like "much more", "much erlier", "soon after" and "big difference in the figures". Bit of a shame from such a big brain as his.

9. rrrrr , Friday, May 15, 2020, 15:05:

So the UK economy not affected by Corvid 19? Britain is facing 'significant recession', says Rishi Sunak. The chancellor, Rishi Sunak, has warned that Britain is facing a “significant recession” after the government’s latest growth figures showed that the first few days of the country’s lockdown caused a record drop in economic activity.
Figures from the Office for National Statistics showed that just nine days of harsh restrictions on businesses caused output to fall by 5.8% in March, and by 2% in the first three months of the year. Times 2 days ago

10. Trade Law , Friday, May 15, 2020, 15:13:

The U.S. dollar replaced the British pound sterling as the world's premier reserve currency circa 1945 in accordance with the Bretton Woods agreements, formalizing global acknowledgment of the U.S.'s status as a leading world power. The Euro failing? second biggest reserve currency the Euro. Comment is free facts are sacred.
The World's Top Reserve Currencies in 2019:
U.S. Dollar: $6.74 trillion (61.82%)
Euro: $2.21 trillion (20.24%)
Japanese Yen: $572 billion (5.25%)
Pound Sterling: $495 billion (4.54%)
Chinese Renminbi: $213 billion (1.95%)
"The Bank of England has ploughed billions of the Treasury’s foreign currency reserves into euros since the Brexit referendum, in an apparent vote of confidence in the single currency.Figures from the Bank — which manages stocks of foreign currency on behalf of the Treasury — show that Britain now holds more euros than dollars in its reserves, reversing the position of June 2016. Times , Aug 12th , 2018

14 comments, page 1 of 2

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