THANK GOD WE’RE LEAVING: Eurozone Industrial Growth Crashes To Four-Year Low

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Industrial Growth in the Eurozone has fallen to its lowest rate in over four years, adding to concerns that the European Union’s long-term future is doomed to economic failure.

Amid mass “gilets jaunes” – or “yellow vests” – protests in France and uncertainty surrounding Britain’s exit from the EU, the Eurozone’s composite purchasing managers’ index (PMI) reading fell to 51.3 – its lowest figure since November 2014.

While a member of the European Union, Britain’s economic success is very closely linked to that of the Eurozone as a result of EU policy and treaties, but after leaving the EU Britain will be free to arrange its own trading arrangements around the world without being tied up in European bureaucracy, meaning the plummeting growth figures through the Eurozone will not affect Britain post-Brexit.

The PMI figure – which measures growth in the industrial sectors – was expected to come out at around 52.8 for the Eurozone, a 0.1 rise on its previous figure from November.

However, economists were shocked when the true figure was revealed to be 1.5 lower than expected, marking a sudden drop in the growth of economies across Europe.

Experts are suggesting that the dramatic fall in Eurozone industrial growth is caused by a number of factors, including the “yellow vest” protests across France – which are now spreading across Europe – and a number of trade wars sparked by EU foreign policy.

Rates strategist at Bayerische Landesbank, Alexander Aldinger, said: “The growth concerns are back – the French PMIs were affected by the demonstrations but all across the eurozone the PMIs were weaker than expected.

“The market’s reading is that the ECB will not be able to hike rates next year if the outlook deteriorates further – especially with China-US trade tensions and Brexit worries in the background.”

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Reece Coombes

As a 16-year-old member of UKIP with a cardboard Nigel Farage cut-out in his bedroom, Reece is hardly your bog-standard student, but he cherishes his independent thinking as his greatest strength. Reece is the founder and owner of Kipper Central, a UKIP community blog with thousands of daily hits and is also the Deputy Chairman of Young Independence, UKIP's youth wing, where he works hard to promote Brexit and radical thinking to young people across Britain.

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3 Responses

  1. John says:

    So much for the remainer’s claims that we’re better off in the EU….

  2. MIKE MAUNDER says:

    Dear Reece and fellow Kippers. There is a truism that applies to the EU, as it has applied in many parts of this world, and through many centuries, it is: ………. ANYTHING BUILT UPON LIES WILL INEVITABLY FALL ! ………. Maybe Mr Juncker is not aware of this ! ? !

  3. VB says:

    Are We though? The way its going on Sky and other media news ..We have nobody at all defending brexiteers….Anyone on there even Nigel Farage has been saying there could be another Vote….I am absolutely fuming about this…..Real News is always on utube. Now we know who the Government really is…This could all turn around …If it had not been for J Mogg MP we would be sunk already. The MPs are only rebelling for another deal ( and nobody wants the one she got) because they want to have another vote …not because they are keeping us in the EU still.

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