This one chart shows the mess Europe is in

These industrial output and production numbers, while measured slightly differently, give you a good indication of the huge disparity between European Union economies.

While the UK has seen the biggest annual increase in industrial production since January 2011 (that's in the year to October), in the Eurozone things are looking decidedly less buoyant.

Greece has seen its Production Index in Industry (IPI) fall by 5.2 per cent in the year to October, as mining and quarrying production dropped off a cliff, falling by 15 per cent in one year.

Industrial output has fallen by 0.5 per cent in the same period in Italy, on a work-day adjusted basis, while French industrial production is flat on the year.