The September decline in EMU industrial production was a stumble not a lasting problem. In October, IP is back in the plus column and since the September drop came on the heels of a strong 1.5% August rise, EMU IP continues to trend [...]
Introducing
Robert Brusca
in:Our Authors
Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
Publications by Robert Brusca
Global| Dec 13 2017EMU IP Gains in October after Drop
- Global| Dec 12 2017
ZEW Experts See Gradual Improvements and Rising Inflation Risks
The chart is a reasonably good overview of what ZEW economic experts think. For a time, U.S. economic expectations outstripped everyone else - but no more. Over the last few months, in fact, there has been a very slow upgrading in the [...]
- Global| Dec 12 2017
Inflation Hammers Away in the PPI Report, But the PPI Is a Square Peg Report in a Round-Hole World
Core and headline PPI 'Final Demand' inflation are now moving up together. Both series are more or less sequentially. Headline inflation rises from 3% over 12 months to 3.2% over six months to 5.4% over three months. Core inflation [...]
- Global| Dec 11 2017
Italian Retail Sales Fall Sharply -Continuing Pattern of Weak Retail Readings in EMU
Italy's retail sales fell by 1% in October with declines in food and clothing & furniture as well as a sharp pull-back in real retail sales. Italian retail sales show a lot of red ink, indicating sales declines for all categories over [...]
- Global| Dec 08 2017
German Surplus Steps Back As Exports Fall for the Second Month in a Row
German exports and imports are both off their recent peak year-on-year rates of growth. Exports have fallen for two months in a row. Imports are up in October and by more than their drop in September. There is no sequential [...]
- Global| Dec 07 2017
EMU GDP Slows in Quarter
EMU growth rates are now 'finalized' for Q3 2017. There are no negative growth rates among these 'first' EMU members over the last three quarters and the last year-over-year negative growth rate among the group was in Q4 2016 for [...]
- Global| Dec 06 2017
German Orders: Despite Solid/Strong Orders Gain, Is There Trouble Brewing?
Germany now has a real string of order increases in train. There are increases in orders in October after gains in September and August. In addition, both foreign and domestic orders have a string of gains for three consecutive [...]
- Global| Dec 05 2017
Euro Retail Sales Rise But Remain Soft
EMU retail sales volumes are up in October by 0.3% after falling by 0.5% in September. The sequential growth rates from 12-months to six-months to three-months do not show any sign of pick up. Nonfood purchase volume has been stronger [...]
- Global| Dec 05 2017
EMU Retail and Auto Sales Catch a Snag As PMIs Advance
The pullback in retail sales and in auto sales is a bit hard to understand against the background thoroughly painted about a strong ongoing industrial revival. In the first table below, we show retail sales and auto trends with some [...]
- Global| Dec 04 2017
Euro Area PPI Slows in October But Is Still Accelerating Over three Months
The euro area PPI slowed to a gain of 0.3% in October after a 0.5% advance in September. But its three-month rise, at 5.4%, is still faster than its six-month pace (0.3%) and shows acceleration compared to its year-on-year pace of [...]
- Global| Dec 03 2017
Manufacturing PMIs Continue to Show Trade Stress and Bifurcation
While the sample of countries in the table below is far from complete, it is a highly important sample of the industrialized trade-oriented countries. A simple diffusion calculation across the countries in the table shows that most [...]
- Global| Dec 01 2017
Manufacturing PMIs on an Upswing... in the West at Least
Manufacturing PMIs has been making strong gains on a rather widespread basis. But there is no denying that the epicenter of the rebound has been in the West. The United States and the EMU have shown particularly long-lived and strong [...]
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