In Europe, both car registrations and retail sales are engaged in a long post-recession rebound. Both recoveries seem to be in train. Car registrations jumped by 13.4% in May reversing a sharp 8.7% drop in April. Sequential growth [...]
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| Jun 16 2017Car Registrations Bounce Back in May; But What About Everything Else?
- Global| Jun 15 2017
EMU Trade Surplus Is Getting Erratically Lower As Trade Flows Slow
The EMU trade surplus contracted significantly in April to 19.6 billion euros from 22.2 billion euros. Still, the year-over-year shrinkage is small. The balance of trade for the manufactured goods surplus fell by 5 billion euros [...]
- Global| Jun 14 2017
IP Gains But EMU PMI Points to Even Stronger Gains
Industrial output in the EMU gained 0.5% in April after a 0.2% increase in March. Sequential growth rates show growth and do not signal any new growth trend. But in the quarter-to-date, IP (IP excluding construction) is advancing at a [...]
- Global| Jun 13 2017
ZEW Survey for June Show Stronger Germany, EMU, Japan and France; Outlook Is Less Buoyant
The way things are... The ZEW survey shows that the current rated economic situations in June improved everywhere except in the U.S. and the U.K. The absolute readings still show negative readings for Italy and France despite their [...]
- Global| Jun 12 2017
Japan's PPI Declines in May
Over the last 10 years, Japan's PPI has had a nice tracking relationship with Japan's CPI. Of course, the PPI is more volatile than CPI inflation, with PPI inflation rising faster than CPI inflation when inflation is rising and [...]
- Global| Jun 09 2017
German Import Growth Outstrips Export Growth But That's Only on the Surface
German trade trends show that the massive German trade surplus is being worked down as imports rise faster than exports. That rise seems to have a lot to do with oil and energy imports where prices have been rising rapidly, but then [...]
- Global| Jun 08 2017
German IP Springs Back to Life
Germany's industrial production gained 0.8% in April after dropping by a thin 0.1% in March. Production is now accelerating sequentially as the 2.8% 12-month pace rises to 5.1% over six months and to 10.6% over three months. All [...]
- Global| Jun 07 2017
German Orders Log Sharp Fall in April; Still Hold Momentum
German real orders fell by a sharp 2.1% in April, but after rising by 1.1% in March and by 3.5% in February. The monthly declines have rolled off German momentum like water off a duck's back. German total orders are still accelerating [...]
- Global| Jun 06 2017
Euro Area Retail Sales Inch Ahead But Still Manage to Look 'Solid Enough'
It is odd how sales can be so weak and yet appear to be so firm. It a trick that retail sales in the EMU area seems to have been able to perform. Real sales are up by just 2.4% over 12 months and just 2.2% for nonfoods. Yet, three- [...]
- Global| Jun 05 2017
Global PMIs Show Some Mixed Trends; All Composite PMIs in the Table Show Growth in May
All the composite PMI gauges in the table show growth in May. This is the second month in a row for which this is true. In March Hong Kong showed contraction; in February, Brazil and Hong Kong showed contraction. Still, out of the 14 [...]
- Global| Jun 02 2017
EMU PPI Barely Gains in April But Year-on-Year Rate Rises to 4.3% from 3.9%
The overall PPI (PPI excluding construction) rose by 0.1% in April after falling by 0.4% in March. The year-on-year pace is up to 4.3%, but the three-month change shows a 0.6% decline at an annualized rate. This unwinds the [...]
- Global| Jun 01 2017
Manufacturing PMIs Show Step Back in Much of Asia
The euro area showed its manufacturing PMI gain in May as the manufacturing PMIs gains in three of the largest EMU economies. But there were step backs in 8 of these key 15 markets. There were also eight for which the three-month [...]
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