Spain’s Manufacturing Rate Worse Than Greece

Rev 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

“…the manipulation of money and goods is soon to be revealed as the main method of control imposed upon society by the Antichrist.”

-Jim Bakker in “Prosperity and the Coming Apocalypse”

The contraction rate of manufacturing in Spain ranked higher than Greece’s rate in the month of May. Spain’s rate declined at the highest rate since May 2009.

Spain’s figure of 42.0 was the worst in the eurozone below Greece’s level of 43.1.

The manufacturing decline in many of the endangered eurozone nations is beginning to impact the stronger nations like France and Germany.

“All four of the largest eurozone nations are now reporting worryingly sharp downturns in their manufacturing sectors,” Markit chief economist Chris Williamson said to the BBC. “The damage to the real economy caused by the region’s financial and political crisis continues to spread across the region.”

In addition to the downturn in manufacturing, staffing levels fell for the fourth straight month.

 

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