Industrial Production In US Has Decoupled From That In Europe

There is one chart in this article which shows that US industrial production has decoupled from that of Europe. They had been following the same track until August 2011. Since then US industrial production has moved upwards, while industrial production in Europe has plunged. If industrial production in Europe continues in that direction it will have implications for the global economy. Expansionary austerity in Europe has been contractionary.