I hear you, but the deliberate and ideology driven manipulation of macro-economic figures and the lack of access to such data calls for the “no bullshit street perception datapoints” at times. E.g., the ECB claiming 2% inflation for decades conveniently leaving real-estate out of their basket etc.
I provided the datapoints showing a 10% decline in industry production - adding that there are a couple of considerations that could change the numbers a lot and we don’t have a hell lot of transparency about. Hence backing it up with anecdotes.
As an example: if (!!) the 10% decline was adjusted by the official inflation, would you believe that it was 2% from 2015-2020 or would you rather go for 5% that reflect also real-estate and other commodities relevant for industry (e.g., if steel increased 50%, so might industry output simply because of price changes). So, the “official figures” could be vastly inflated and the situation could be a lot worse even.
As an example: if (!!) the 10% decline was adjusted by the official inflation, would you believe that it was 2% from 2015-2020 or would you rather go for 5% that reflect also real-estate and other commodities relevant for industry (e.g., if steel increased 50%, so might industry output simply because of price changes). So, the “official figures” could be vastly inflated and the situation could be a lot worse even.