Looking at the most recent OECD economic indicators, Greece makes by far the weakest showing in all the Eurozone while further appearing to have clearly collapsed into recession.Industrial production has fallen off a cliff, consumer confidence continues to plunge to historic lows, business confidence has made a sudden flagging reversal and the leading index is turning down fast.
For June, consumer confidence declined 0.63% since May dropping 4.35% below the level seen in June 2009 while business confidence remained largely flat.
Industrial production remains weak with the latest data point increasing slightly off of the lowest level seen since the late 1990s while the leading index is fully in declined dropping 0.61% from May and declining 4.27% below the level seen in June 2009.
