13 Ugly Charts We've Seen In Just The Last 24 Hours

Ugly Fish

Photo: faxdotcom via youtube

Over the past several hours there has been a slew of economic data.While European leaders continue to talk, drafting budget plans for 2013 and negotiating bailouts, the message of the charts is drowning them out – the economic picture is continuing to deteriorate.

That’s why protesters have taken to the streets around the euro area over the past week, including in Spain, Portugal, Greece, and France – as unemployment rates hit fresh highs and manufacturing activity slows down.

Eurozone unemployment is at a record high 11.4 per cent

French manufacturing activity plunged to a 41-month low

Japan's Tankan survey of manufacturing business conditions registered its fourth straight negative reading

The new orders sub-index of Australian PMI dropped sharply to 44.3 from 49.1 last month, accelerating the seven-month decline in new orders

Taiwan, a key exporter to China, saw new orders and new export orders drop at their fastest rates since last November as PMI deteriorated

Poland PMI dropped again this month as the output and new orders sub-indices registered 39-month lows

Czech Republic PMI continues to decline as the euro crisis bleeds into central Europe

Spanish unemployment ticked higher in August to a record 25.1 per cent

Irish unemployment rose to a record 15 per cent in August

And Portuguese employment hit fresh highs in August as well at 15.9 per cent

Meanwhile, in the euro core, the unemployment rate in Finland spiked to 7.9 per cent in August from 7.6 per cent in July

And Swedish unemployment also jumped to 7.8 per cent in August from 7.5 per cent in July

US Construction Spending missed big versus consensus estimates, posting a -0.6 per cent decline this month (+0.5 per cent expected)

Those aren't the only ugly charts in the world right now, or even the ugliest:

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