U.S. PCE and EMU HICP track similar trends Inflation continues to bedevil central banks. In the EMU, the latest harmonized index of consumer prices (HICP) runs at 1.5%, still below its target of a 'little less than 2%.' The core HICP [...]
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| Sep 18 2017HICP Gains 0.2% in August and Flies Under Target
- Global| Sep 15 2017
EMU Trade Trends Cool; EMU Surplus Recedes
Despite its herky-jerky behavior, the EMU trade surplus is clearly in a declining phase. The surplus is at 18.6 billion euros in July, down from 21.7 billion euros in June and well below its 2016 average of 22.1 billion euros per [...]
- Global| Sep 14 2017
European Car Registrations Pick Up in August
After falling for two months in a row, European car registrations sprang back strongly to gain 11.9% month-to-month in August. Still, the drops in the previous two months dominate the trend as the three-month (annualized) growth rate [...]
- Global| Sep 13 2017
EMU IP Ticks Higher and Holds to Solid Growth Path
EMU industrial production growth is in a range of 2.7% to 3.4% on its sequential annualized growth rates over three months to six months to 12 months; that is a pretty solid habitat. For manufacturing, the range is 3.3% to 3.9%, even [...]
- Global| Sep 12 2017
U.K. Inflation Moves Even Higher
The U.K. CPIH inflation rate rose by to 2.7% over 12 months from 2.5% last month. The HICP headline rose to 2.9% from 2.6% last month. The CPIH also gained 0.2% in August with the ex-energy rate up to 0.3%. HICP U.K. inflation gained [...]
- Global| Sep 11 2017
Italian IP Makes Strong Ongoing Gains in July As PMI Warns of a Slowing
Italy's industrial production gained 0.5% in July after a 0.8% increase in June. It also advanced 0.9% in May. IP has advanced strongly for three straight months as well as in five of the last six months. Growth rates by sector are [...]
- Global| Sep 08 2017
Japan's Surplus Hovers As Trends Steady
Japan's trade surplus continues to log positive readings and sports a higher reading at 337 billion yen in July, up from 87 billion yen in June. The surplus is the highest since February and about double the values posted from March [...]
- Global| Sep 07 2017
German IP Comes Up Flat One Month After Falling; German Output Trend Cools
Germany's industrial production was flat in July after a 1.1% decline in June. These results followed a series of five months during which German output expanded strongly at a 12% annual rate. With the slowing in the past several [...]
- Global| Sep 06 2017
German Orders Register a Surprise Setback in July
Germany's orders fell 0.7% m/m in July after a strong gain in each of the previous two months. The decline in orders was not anticipated because by all accounts German manufacturing has been doing pretty well. The PMI gauge, the ZEW [...]
- Global| Sep 05 2017
EMU Services Sector Continues to Pull Back
The service sector PMIs for the largest EU and EMU members took a step back in August everywhere but in Germany. But unlike many measures where Germany is the exception, and is so because it is so much stronger than the rest of [...]
- Global| Sep 01 2017
U.S. Construction Spending Erodes in July
Construction spending fell 0.6% in July with private spending falling 0.4% and public spending dropping 1.4%. Within the private sector, residential spending continued to expand, gaining 0.8% in the month while nonresidential spending [...]
- Global| Sep 01 2017
U.S. ISM Manufacturing Jumps in August
The ISM manufacturing index moved up sharply to 58.8 in August from 56.3 in July. The regional Fed manufacturing surveys have been very strong and are fully consistent with this result. This month was unusual as the U.S. employment [...]
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