Industrial production shrank by 0.7% in June, the ninth straight month of decline.
In Italy, production shrank by 2.1% in the year to May.
High-tech goods piled up in warehouses and production collapsed.Figures released on July 30th show that industrial production shrank at an annualised rate of 15% in the second quarter of this year.
Production of yaba in hidden factories in the Golden Triangle rocketed while opium production shrank in the early 2000s, and it has now supplanted opium as the consumer's drug of choice in Laos.
But the economic effects of the big freeze are still becoming visible in official data.Germany's statistical office announced on February 8th that in December the country's industrial production shrank by 1.5%, while construction output declined by 24%.
Industrial production shrank by a fifth compared with a year earlier and households spent 4.6% less than in November.
Germany's economic ministry said industrial production shrank 4% in August adding to the growing picture of a struggling economy.
The German economy contracted for the first time in three years, and French industrial production shrank even more than expected, according to data released today.
"Ronald Coase [and Oliver Williamson] had a theory about the boundaries of companies: if you have a competitive product, expand production; otherwise, shrink your boundaries.
Instead, production has shrunk and the Cuban sugar market is in dire need of capital, according to analysts.
