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

UK’s industry fares far better by comparison

© Brexit Facts4EU.Org 2020

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%)

© Brexit Facts4EU.Org - click to enlarge

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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