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 [...]
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 05 2017Euro Retail Sales Rise But Remain Soft
- 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 [...]
- Global| Nov 30 2017
Manufacturing and Services PMIs Weaken in China
The manufacturing PMI slipped again in November, dropping for three months in a row. It extends a broader continuing a string of slippages. Manufacturing has been eroding as its six-month average is below its 12-month average and its [...]
- Global| Nov 30 2017
EMU HICP Rises in November But Core Inflation Remains Listless
Conditions for greater conflict may be coming to a head as the overall EMU HICP gained 0.4% in November as Germany's own HICP rose by 0.3%. In the EMU, the HICP is only up by 1.5% over 12 months but the six-month (annualized) pace is [...]
- Global| Nov 29 2017
EU Indexes Continue to Erode
The EU Commission indexes show that the weakening trend in Europe is still in play. The overall EMU index of sentiment eroded to 109.5 in November from 109.7 in October. The pace of decline has slowed. And yet the ranking statistics [...]
- Global| Nov 29 2017
Japanese Retail Sales Refuse to Perform
Japanese retail sales sank in October. Nominal retail sales have dropped month-to-month in four of the last six months and in two of the last three months. There is sequential deterioration in nominal retail sales growth as the three- [...]
The EMU shows some acceleration in credit over the last three months. Private credit shows regular if slow step-ups in credit growth rates. Money supply, however, has slowed slightly compared to its 12-month pace. The real balance [...]
- Global| Nov 27 2017
U.K. Services Survey Weakens As Brexit Forces Play Out
The quarterly U.K. service sector survey by the CBI weakened in Q4. The assessment is for weakness and the prognosis is for weakness. There is really only one response that is truly strong and it is inconsistent with the other [...]
- Global| Nov 22 2017
The German Trade Surplus Expands Again; Highest Surplus Since April 2016
The German trade surplus in September continued to push to a higher level. The 21.83 billion euros surplus rose from 21.32 billion euros in August. It is the highest surplus since April 2016. Since January 1999, the surplus ranks as [...]
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